Putting aside the hubris and lack of self-awareness of the automobile CEOs — reminiscent of the Congressional appearance of the tobacco companies — what do we do with the moribund bodies that are their business models? Ask for a plan? Not even close. Current leadership is blinded. Let them become bank holding companies as thousands […]
Friday, November 21, 2008
Comments Off on Good News: Lessons from Sports on the Economy
Suddenly, a few of those in power are playing to win and doing so for people other than themselves. Fannie Mae and Freddie Mac have announced a moratorium on foreclosures. In American football we would call this an “audible.” It should have been called on first down instead of waiting almost until they have to […]
Tuesday, November 11, 2008
Comments Off on Survival In Recession: Hard Work for Bright Boys and Girls
The cliff is not only in sight, it is here. What to do? If you have been reading this blog for awhile, you know that each member of my group of business owners and chief executives made contingency plans and took precautionary measures in September 2007 for the storm they saw coming. At year end […]
Friday, October 31, 2008
Comments Off on Auto(matic) Bailouts For Big Boys
There has been a mindset in Washington D.C. that government should be completely hands off of business and markets except when, through poor management exacerbated by the economy, the biggest of the big companies should be bailed out with cash and guarantees and tax breaks. Those on “Main Street” with real and sweat equity in […]
Countless more ordinary people of equal talent never developed the leadership core required to run the show. Why not?
Monday, November 24, 2008
Comments Off on Habeas Corporate: Reviving the Body of the Auto Industry