General Motors, Driven to the Brink
In late May, senior executives at General Motors confronted a decision that few thought they would ever face: whether to continue developing the next generation of one of the most successful products in G.M.’s 100-year history — the full-size sport utility vehicle — or to punt the program entirely.
It’s rare for an automaker to pull the plug on high-profile initiatives, much less one involving a $2 billion, top-to-bottom overhaul of a ...
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I feel sorry for all the american workers who are paying the price for serious errors in judgment by their executives. One more example of why informed leadership matters, and why humility and the willingness to listen are such important qualities in a manager. Many of the company's strategic errors could have been prevented by more responsive and less short-sighted leaders.