GM (Government Motors) Chairman Edward E. Whitacre Jr Admits He Knows Nothing about Cars … Good Grief
Quote of the Day … GM’s “success doesn’t hinge on automotive experience.”
If you ever needed to know anything when it comes to GM (Government Motors) all you have to do is read the very comments from their new Chairman, Edward E. Whitacre Jr … he knows nothing of cars.
“I don’t know anything about cars,” Whitacre, 67, said yesterday in an interview after his appointment. “A business is a business, and I think I can learn about cars. I’m not that old, and I think the business principles are the same.”
What to make a bet that all industries are not the same and that a certain amount of expertise in the field that one is leading does not make a difference? Every wonder why the government should never get involved in corporate America? They believe for an auto company to succeed, “success doesn’t hinge on automotive experience.” Sorry, but a working knowledge of the industry is required … not all industries are created the same … that’s only in socialism.
The White House said Ford Motor Co. Chief Executive Officer Alan Mulally’s move from planemaker Boeing Co. shows that success doesn’t hinge on automotive experience. Ford is the only major U.S. automaker to avoid bankruptcy.
“What was required was somebody with savvy, big-business experience that could take a company, change its management culture, make some of those tough decisions to put it on that path toward viability,” Press Secretary Robert Gibbs told reporters at a briefing today.
Experience be damned, this is what happens when you let government get involved.