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In this case though, the job to be done is one that noone has experience doing. Putting an operation like GM into receivership is unprecedented. And expecting
by olefoo 17y ago
In this case though, the job to be done is one that noone has experience doing. Putting an operation like GM into receivership is unprecedented.
And expecting experience in the face of unprecedented events that require restructuring the old order is somewhat counterproductive. You do not want someone who is determined to save certain features of the old order merely because that is what they understand; what is needed is someone who is comfortable mediating the different forces at work and discovering workable approximations of the new order that minimise the damage overall.
- dantheman 17y agoIt is not unprecedented - worldcom comes to mind, I'm sure there are others. Don't forget GM isn't monolithic, there are lots of sub companies.
- krschultz 17y agoReally? GM is not the largest company to ever have gone bankrupt in this country. Many of the railroads were larger when they went under.
- kqr2 17y agoAccording to this article, GM is the largest industrial company to go bankrupt in the US: http://www.chron.com/disp/story.mpl/front/6451802.html http://www.chron.com/disp/story.mpl/front/6451802.html Overall, it is only the 4th largest bankruptcy in the US.