Posted on 12/10/2013 7:32:00 AM PST by jimbo123
General Motors (GM) tapped products chief Mary Barra to become the auto maker's first female CEO, taking the keys from current chief Dan Akerson who will step down ahead of schedule in January.
The promotion of Barra instantly makes her the most powerful woman in Detroit and one of the most influential in corporate America.
The move comes just hours after the Treasury Department exited its ownership of GM following the auto bailouts of 2008 and 2009.
(Excerpt) Read more at foxbusiness.com ...
Back when Iacocca ran Chrysler, I meant.
Too frickin’ late. GM is dead, dead, dead to me. Never, ever again will I buy their vehicles.
This has Obozo’s fingerprints all over it. They just sold the last of the GM stock at a huge loss. We can now look forward to the Hewlett-Packarding of GM. No that I give a damn about GM in the first place. .......
Um, no.
How much shareholder wealthe was destroyed when traditional bankruptcy rules were set aside to allow a “new GM” to be created and functionally gifted the assets of the old GM, which was allowed to die?
And how did the GM unions fare in that deal, relative to the shareholders and other creditors,
Sorry, it’s anything but a “new day” for GM. Having the govt divest itself of the ownership stake and seeing the appointment of a new CEO doesn’t even begin to address the fundamental wrongness of how the “bailout” was handled.
Anyone who buys a GM product is complicit in, is an ex post facto enabler of, that wrongness.
A few years ago I was working as a government contractor. Our current contract was up for a new bid, and a large parent company won with the stipulation that most of the work had to be farmed out to smaller equal opportunity contractors.
My position fell to one of these small companies and we began negotiation for continued employment. I just wanted an even exchange for my current situation, since I liked my job. It took two weeks just to get my salary matched. The final straw was when they wouldn’t match my 2 weeks of vacation (they wanted to give 1 week).
The HR lady was exasperated with me and yelled, “If I don’t get it, you don’t get it.” I quit my post and stayed on with the company who lost the contract, since they even offered my a raise to stay with them. I really wanted to stay since I liked my job, but at the time that 1 week of vacation was important to me since I didn’t live near any family and wanted time to visit.
It was amazing how rude she was through the whole process...
Buy American.... buy a Toyota.
GM has still not paid back the taxpayers the remaining $9 billion it borrowed. As far as buying American, I will continue to boycott Government Motors. I own a Ford Shelby GT500 because no foreign car company builds muscle cars. However, I also own an Infiniti FX35 because it is far superior to its American couterparts.
On the whole female CEO’s are more a harbinger of doom for a company than a signal of growth. Typically they’ve been given “special” treatment all the way up on their career and so when they finally arrive at the top they really can’t cut it. There have been a few that have made good CEO’s (Meg Whitman of Ebay come to mind) but for the most part it seems they really don’t have very good management sense and tend to end up being the final nail in the coffin for many businesses.
Not GM or Crysler.
Too frickin’ late. GM is dead, dead, dead to me. Never, ever again will I buy their vehicles.
Same here. I don't support welfare cheats.
Yep. GM can go to Hell for all I care. I hope they end up shuttered and all the UAW scum end up on the streets begging for scraps.
Hey mary... after a lifetime of GM cars and trucks... I am on the verge of ordering a Ford F150... and I hate you and your company for being the socialists that you are.
I worked for a man who had several businesses and managed one of those businesses for a summer during college. He brought in a gal to work for me, then at the end of the summer asked how she would do if she were to be my replacement.
Expecting that his interest was to protect his company, I gave him an honest appraisal; she was very driven and worked hard, but had trouble getting along with people (in a service industry). If she were to become a manager, I could see the position going to her head and that she may treat the other employees poorly.
I traveled back to my old position at another of his companies, then was fired a couple of days later without notice. It turns out that the gal was a personal friend of the owner, his wife, and the current company president and my appraisal made them angry.
I can’t say I wasn’t pleased when I heard she had a full mutiny of 14 employees less than a month after she took over as manager. They ended up replacing her within 6 weeks, since their business depended 100% on customer service (food & lodging).
It’s unfortunate that experience taught me that honesty is not always the best policy...if you value your job.
“It’s unfortunate that experience taught me that honesty is not always the best policy...if you value your job.”
It’s always been that way and even more so in today’s politically correct world.
Toyota is non-union which is why I bought it instead of a Ford
In my experiences, the weakest link, by far in any organization has been HR.
They are staffed by maniacal women, fags or omega-level “males”. They are not your advocate; they are there to either try to screw you or make sure you get screwed - like you did.
And before someone else jumps in to defend HR, I’ll preemptively say: “Piss off, no one cares”. For every 1 HR drone that’s somewhat human, there are 10,000 that are soulless beasts.
So, we should support every rep that voted for obamacare because, well, the vote is over now?
Just another version of, “what difference at this point does it make.”
Ok.
There is no position in the human resources department of any company that could not be performed by another, and would almost certainly be better performed by another.
Send hiring, discipline and firing back to the direct managers. Finance can manage benefits administration. Legal can do the rest of the regulatory compliance.
The politically correct sensitivity training pap can be dumped without affecting a company’s performance one iota at worst—and improving it substantially at best by removing a source of workplace tension and hostility.
If you like electric cars.
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