To: putupjob
I worked for GM during that time and Roger B. Smith was just horrible. A bean counter with no "gas in his veins."
During his tenure GM's market share went from 45% to 30%. He actually told share holders this was good as it made GM less vulnerable to market fluctuations.
One little old lady stock holder said, "I feel so embarrassed for him that he had to say that."
57 posted on
11/20/2005 6:16:16 PM PST by
TheIndependentMinded
("I went insane once, it did me a world of good.")
To: TheIndependentMinded
A bean counter with no "gas in his veins." In the early 1960's a neighbor who was an engineer at the Tarrytown plant told my father that GM would be out of business in 50 years, because the bean counters were running the company. They (the bean counters) knew exactly how much it cost to produce per pound, but not how to make it or make it better. It took the government to require seat belts, because seat belts added cost not profit.
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