Monday, March 30, 2009

Blame the CEOs?

Heads have rolled at GM.  The Obama administration has required GM CEO Rick Wagoner to quit his job in order for GM to receive additional government funds.  Is this the best move for the future viability of GM or for the short term stability of the company?  I don't know the answer to the first question, but its definitely going to cause a lot of turmoil in the short term.  I've experienced several changes in leadership in my automotive career and it always leads to months of uncertainty, lost productivity and  a lot of political maneuvering.  Typical of any large, bureaucratic organization, but certainly not the state GM needs to be in at this moment in time.

Was this done in the best interest of GM, probably not.  Was it done to placate the American public's feeling that "Detroit" doesn't deserve help (click Auto Industry), definitely.     

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