Don't look for big results. GM's current leadership is responsible for the woes at its North American operations. This is like moving around the chairs on the deck of the Titanic, ... bloated bureaucracy.
More Quotes from Peter Morici:
Productivity is at least 50 percent higher in industries that export and compete with imports, and reducing the trade deficit and moving workers into these industries would increase GDP, Workers' wages would not be lagging inflation, and ordinary working Americans would more easily find jobs paying good wages and offering decent benefits.Peter Morici
If there's a prolonged labor stoppage, people won't be wanting to buy their cars again. They'll think the company might not be there to honor the warranty.
Peter Morici
The rating agencies and stock market are sending a clear message that the company will lose money for the foreseeable future and eventually go bankrupt. Bankruptcy is a serious option either strategically or as an eventuality.
Peter Morici
These employment gains indicate strong first-quarter economic growth, in the range of 4 percent.
Peter Morici
They're thinking, 'We went through the jump in energy prices and the hurricane and we came out without noticeable damages. Now it's the holidays, and gas prices are down, so consumers are feeling mellow and content - and cautiously confident about the future.
Peter Morici
With the exception of the July burst in auto sales, retail sales growth has been weak in recent months because consumers are now strapped.
Peter Morici
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Based on Topics: Bureaucracy Quotes, Leadership Quotes, Leading & Managing Quotes'Tis one thing to be tempted, another thing to fall.
William Shakespeare
We may draw good out of evil; we must not do evil, that good may come.
Maria W. Chapman
I am a grateful... grapefruit.
Bjork