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.
By
Noel M. Tichy
|
March 30, 2009; 1:10 PM ET
Category:
Economic crisis
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Posted by: NCF42001 | March 31, 2009 9:12 AM
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Yes, but any tranformational leader will still be "saddled" with the unfunded mandates cast on the industry from the government who apparently have the notion that THEY have any expertise regarding fiscal accountability.
Who ruined the American manufacturing industry to begin with? The government.
It is amazing that the only 3 American Auto Makers have been able to sustain. Oh yeah......
Let's just let the real AIG and Wall Street crooks run free. Lastly, what does Obama mean....the plans are not adequate. What is his financial background and successes?