Automotive News, Media & Press - The man ripping apart GM

Maybe it's just me but I thought that the people handling the "GM" situation would be, I don't know, economists, or automotive experts, or banckruptcy experts or atleasts GRADUATES!

http://finance.yahoo.com/family-home/article/107136/The-31-Year-Old-in-Charge-of-Dismantling-G.M.?mod=family-autos

Well, you can't really fault him for not quite graduating from Yale. I don't know if you've ever had much experience with politics, but there are decisions made every single day by people who are not experts on MANY things. That's how it works...you just hope someone gets their attention with the pertinent facts before they start hacking away at things.

Yeah, I know that political appointees are the way of the government but this president is Mr. fix America, no pork spending, I'm a rock star. You think that they would at least care a little bit when they assemble a team to completely restructure one of Americas largest companies. I just think that it sucks that so many people that don't know what they are doing are in positions with so much power.

Unfortunately it's not what you know but who you know; just look at all of the recycled CEO's in corporate America. Wasn't the CEO of Chrysler the same guy that ran Home Depot into the ground ? That's just one case in point!

Well at least it credits him as being a quick learner and able to figure things out. Hopefully he is capable of making good decisions.

I think it's a little disheartening to read that he was the only full-time member of the Obama task force from Nov-Feb... lol...:(

He graduated, just not from yale yet with his law degree. Who says you need a law degree to "fix" GM?

That's pretty bad. I mean the guy never even judged a horse show before. :rolleyes:

That's pretty bad. I mean the guy never even judged a horse show before. :rolleyes:

:rotflmao:

That's pretty bad. I mean the guy never even judged a horse show before. :rolleyes:

You did a heck of a job Brownie!:huh:

Great! An American Icon is in the hands of someone who probably couldn't recognize what a spark plug is. I wish him the best, but someone with no experience in anything other than going to school and helping politicians get elected is not going to help anyone!

Honestly would would have been better??? Most of the nuts running GM don't know what a spark plug is either. Probably don't even whipe their own asses they are so rich. Face it when you're high up in a company like that you don't start in the garage of the local dealer and work your way you. You went form one companys executive board to the other.

I'm not saying this guys wont screw it up or anything, but some of these comments are a bit silly.
For all we know he might be a wizz with the numbers and GM could come out of this in a couple of years.

To your point, PopaPork, those who ran the GM down with bad decisions and serious lack of vision probably never lifted the hood on a car in their life. Frankly I'd rather have someone who is an 'outsider' doing this than another insider who was partly to blame.

It's a better choice, than say, keeping the CEO of a large financial company around to take loans from the gov to bail out the company when it was that CEO who led the company into the crapper in the first place. Crikey, it's a good thing we don't do that kind of shit. :mad:

When you take someone with the experience of a Janitor and put them into a position of making decisions for a major corporation they don't even know the language of the industry. If they were in the least bit involved in the industry they would at least know the people with whom they have to communicate with. If you can not communicate with the people you have to work with you have no hope of success.

It is a naive assumption that you can throw an unknown person with no experience into a position and have them perform well. Maybe they can just hire him as a Design Engineer and let him have at it. Maybe he can jump into one of your positions and out perform you in your job too.

When you take someone with the experience of a Janitor and put them into a position of making decisions for a major corporation they don't even know the language of the industry. If they were in the least bit involved in the industry they would at least know the people with whom they have to communicate with. If you can not communicate with the people you have to work with you have no hope of success.

It is a naive assumption that you can throw an unknown person with no experience into a position and have them perform well. Maybe they can just hire him as a Design Engineer and let him have at it. Maybe he can jump into one of your positions and out perform you in your job too.

How do you make the comparison to a janitor with no experience? He is not in charge of GM nor is he 'making decisions for a major corporation.' He is simply tasked with implementing the administration's plan for GM since GM asked for assistance and the precondition of those TARP fund loans was a marketable plan for GM's future. Last time I checked some guy named Fritz was the CEO and some group of assholes that call themselves 'the board' were attempting to run it... and they have all sorts of degrees and 'industry experience' and look how well they did. :bs:

That was a good comparison TT632. The fact that some don't get it is the scary part. I work for an airline so maybe I should be appointed to a 7 or 8 figure job like designing rocket engines for NASA. I don't know what the f*** I am doing, but that is all that seems to matter these days. No experience required. Some dope that has a "degree" can do it. Just because he went to yale doesn't mean he has any sense of what he is doing. Just kuz he can read doesn't make him smart. Just kuz he can kiss professor ass doesn't mean he is smart/qualified for anything. Plus last I heard obama "don't want to run a car company." Yet there he sits barking orders.

How do you make the comparison to a janitor with no experience? He is not in charge of GM nor is he 'making decisions for a major corporation.' He is simply tasked with implementing the administration's plan for GM since GM asked for assistance and the precondition of those TARP fund loans was a marketable plan for GM's future. Last time I checked some guy named Fritz was the CEO and some group of assholes that call themselves 'the board' were attempting to run it... and they have all sorts of degrees and 'industry experience' and look how well they did. :bs:

Not sure what your getting at, but my point is you can always do worse, and the best way to do that is to bring in inexperienced people regardless of what industry they are from.

In my opinion, if Obama wants to use his dictatorial powers to make changes in GM, he should be looking within the industry for experienced people who have been able to help turn companies around, not wet behind the ear 31 year olds that worked on Hillary's Election campaign.

Of course you can always do worse, who knows if this guy will or not.
The Admin put someone in charge of it they trust good or bad, it's their man, it's also our money that GM has, that the goverment gave them.
You guys have still yet to suggest one person who should have gotten the gig. Just saying he's not qaulified because he didn't "communicate" with "the people" (Who ever they are) doesn't mean sqaut. You really think Fritz communicated with people?
I tend to think he got a report from the board who got a report for their underlings,who got a report from their peeeons, who got a report from their jockies, who got a report from the manager. They then made a call, and it trickled down. It wasn't like Fritz called up anyone and said, "Yo Joe, how's it going? What can we do up here in LaLaland to help you/run this business better/ make this work more smooth?

I don't feel 100% better that they have it, or that its a fed in this position but honestly I would rather have a janitor with a balanced check book run GM instead of anyone from GM run it right now.

Obviously, the people in this thread -- who undoubtedly read the whole article and not just the first few sentences -- know better than the president of the United States and his administration. And, I am completely certain that everything I read in the newspapers is 100% true.

Of course, the article also never said he was doing a bad job; quite the opposite. I mean, he sounds like a real bum, though. You know, driving from Chicago to D.C. and sleeping in his car at a GM plant! What a loser! All the smart people take private jets!

Not sure what your getting at...

Unfortunately you never will.

GM filing bankruptcy is actually a conspiracy plan that President Obama came up with 35 years ago. Way back then he figured out that if GM kept making shitty cars and went bankrupt, and after he became president, GM would have to get a bailout.
This way he could control GM and make them produce small fuel efficient cars which would piss-off everyone on this website.


sarcasm--