4 ms·
Big companies are incredibly efficient at generating wealth. Look around you. >They then use tricks and more tricks to hide the reality(GM or Enron) so the pa
by tatsuke95 15y ago
Big companies are incredibly efficient at generating wealth. Look around you.
>They then use tricks and more tricks to hide the reality(GM or Enron) so the party continues one more day.
You cherry pick two large companies, only one of which can actually be considered a failure (if you think GM has been a failure, I don't know what to tell you). You don't think fraud goes on on a massive scale at the small business level? And what about the other 498 companies in the fortune 500?
- onemoreact 15y agoThe fortune 500 list is a moving target with plenty of large scale failures on a regular basis. Compare Profits from these lists: 1995: http://money.cnn.com/magazines/fortune/fortune500_archive/full/1995/ http://money.cnn.com/magazines/fortune/fortune500_archive/fu... 2000: http://money.cnn.com/magazines/fortune/fortune500_archive/full/2000/ http://money.cnn.com/magazines/fortune/fortune500_archive/fu... 2005: http://money.cnn.com/magazines/fortune/fortune500_archive/full/2005/ http://money.cnn.com/magazines/fortune/fortune500_archive/fu...
- william42 15y agoGM was at least on the verge of bankruptcy a few years ago, but I'm pretty sure that can be attributed more to massively underestimating how much healthcare would cost in 2008 during a union negotiation several decades prior than to any sort of dirty tricks.
- jbooth 15y agoThank you.
- tatsuke95 15y agoRight. And prior to that they produced trillions in revenues over 100+ years of being in business, selling more cars worldwide than ANY other company. The 2008 bailout is naught but a blip on the radar, so implying that GM hasn't been a good company, and putting them in the same sentence as Enron is sort of out to lunch. GM has been a wealth generation machine for a long time. That's my point.