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Wednesday, February 18, 2009

Can New Management Really Make A Difference At Gm

Gm under the leadership of knockworst face Rick Wagoner has become a collection of worthless rusting factories that dont produce much of anything that consumers want to buy. A few short years ago Gm was locked in a fight with Italian automaker Fiat to honor an agreement that forced Gm to buy the company. Rather than honor the agreement Wagoner paid $2 billion to Fiat to get out of the option clause. Because Gm felt Fiat was just a collection of worthless rusting factories that didnt produce anything that conmsumers wanted.
Today under the leadership of Sergio Marchionne Fiat has not only come back from the vanquished but is considering taking a stake in Chrylser. And in the same 3 three short years that Fiat stagged its major comeback Gm has shrunk to become a worthless company staying afloat only because of the monthly welfare checks it receives from the government.
So yes changing management can make a big differnce. How dog face Wagoner not only stays in power but receives welfare checks form the goverment is anybodies guess especially after he was the dead head that ran Gm into the ground consequently destroying thousands of good paying jobs.