“But He came from tobacco, which is also an emotional, not rational purchase.”
He did a 2nd rate job; emotional, rational or otherwise.
Autos too risk averse. Lacking creatiity.
American business management has slipped, autos among the more obvious. Other obviously would be everything banks, financial, brokerage, insurance.
Too risky. Excessive creativity.
CPAs, lawyers, congress, rating agencies. Lacking basic morality—wrong s. right.
Compared to what?
Roger Smith, the previous CEO took GM from a 52% share to a 28% share and was given 100 Million Dollars, and a seat on the board, just to leave.
Considering the two Waggoner looks good!