Let's Avoid a Cultural Clone
Leaders are there to add value to the assets under their control. GM's market cap has eroded for 8 years under Wagoner. He failed to make the judgment calls on people, strategy or in the crisis to change that fact.
As nice a person as he is with high integrity, he is not getting the job done. Compare him the Mulally who came in from Boeing to Ford and moved much faster including selling Jaguar and Land Rover.
Leadership does matter-- look at Mark Hurd at HP who cleaned up and drove value after Carl Fiorina failed as CEO, or Lou Gerstner at IBM after Akers failed.
The real challenge will be to find a transformational leader from outside GM. Otherwise, we will simply be getting a cultural clone.
Posted by: NCF42001 | March 31, 2009 9:12 AM
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