Friday, August 20, 2010

Not Government Motors

Things are turning around for G.M.
Last week, G.M. announced a second-quarter profit of $1.3 billion, its strongest quarterly performance in six years. Analysts credit much of its turnaround to the forceful leadership of Mr. Whitacre, who stripped down G.M.’s organizational chart, replaced dozens of executives and tried to instill confidence in employees that they were working for a winner in the marketplace again.
The government may have bailed them out, but it was not going to be permanent.
“It’s been our top objective to pay the taxpayer back and have the government not be involved in any way, shape or form with this company,” he said. “We’ve improved our reputation quite a bit, but we still have a long way to go.”
It very well could be that government is not always the problem some make it out to be.

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