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The grandson of the founder was educated in the U.S. and worked in the Chinese operations. He brings a broad exposure to countries around the world that his predecessors lacked with their more parochial backgrounds. This will be invaluable as he steers Toyota back to its roots and accomodates a changing world.
Linked Articles
New York Times 06/02/2010
Toyota, Needing Change, Taps a Scion to LeadWall Street Journal 01/12/2009
The short term thinking, risk aversion, and how the economic crisis makes things worse by exaggerating these two attitudes. The lack of resilience that is inherent in these atitudes as it does not increase selfawareness and the confidence from overcoming difficulties and challenges.
Linked Articles
Whatever Happened to Silicon Valley Innovation?
BusinessWeek 12/31/2008
Anxiety Management in an Economic CrisisBusinessWeek 12/31/2008
With job security gone at Detroit automakers amidst a series of bad decisions by unions and management unwilling to make a total break with the status quo to the point of reinventing themselves, and lacking the courage and the vision to do so, what good are these higher medical benefits? Isn't an employee who has his job and lesser medical benefits at anonunionized plant better off than one who has either lost his job or about to lose it at aDetroit automaker plant?
Linked Articles
Detroit Bailout: How It Can Work
BusinessWeek 12/09/2008
Toyota delays new Prius plantDetroit News 12/16/2008
NYT laments the lack of anything to give hope to homeowners in the $700 billion bailout plan. So do Feldstein and Hubbard both Republican Presidential advisors of reagan and Bush.
Linked Articles
New York Times 10/02/2008
Housing Pain Gauge: Nearly 1 in 6 Owners 'Under Water'Wall Street Journal 10/08/2008
A new York Times editorial the day after the Senate passes the Bailout Plan for $700 billion on October 1, 2008, describes the lack of meaningful help and the WSJ describes the language in the bill that refers to foreclosure and several studies.
Linked Articles
New York Times 10/02/2008
Rescue Includes Steps to Help Borrowers Keep HomesWall Street Journal 09/29/2008
The lack of vigorous discussion at the Board and top management levels of Gneral Motors is the most striking thing about the company. Classic example how the larger and more successful an institution, there is no assurance that even the vital skills of vigorous discussion and openness to fresh thinking promoted by its founders like Alfred Sloan in this case in one of his meetings, that these skills will be available in the future.
Linked Articles
GM's Massive Quarterly Loss Adds to Turnaround Pressure
Wall Street Journal 08/02/2008
McCain Offers Aid, No 'Bailout' on AutosWall Street Journal 06/28/2008
The takeover of Bear Stearns by JP Morgan at $2 a share with the Fed's backing the weekend of March 15-16, 2008, and the questions about Lehman Brothers.
Linked Articles
At Lehman, Allaying Fears About Being the Next to Fall
New York Times 03/18/2008
Fed Acts to Rescue Financial MarketsNew York Times 03/17/2008
Musharraf feels anger of Pakistanis after assasination of Benazir Bhutto because of lack of security provided to her.
Linked Articles
New York Times 01/06/2008
Growing Fury At Musharraf Deepens CrisisWall Street Journal 12/31/2007
How Motorola's experience with single hit products like the Razr cell phone compares with Ford's single hits like the F-150 truck and the Ford Explorer. Why this got both into trouble and the lack of new product at both companies during a critical period as competitors moved ahead.
Linked Articles
Motorola to Spin Off Handset Unit, As Icahn Waits
Wall Street Journal 02/01/2008
Detroit Auto Makers Try Some New TricksWall Street Journal 09/14/2007
A look back at former Defense Secretary Gates views about Russia in the larger context of the postwar years and what it is today, including Georgia (and Crimea) and other issues. A similiar perspective fom the German side as seen by former chancellor Kohl, Merkel, Schroeder, and Ischinger, going back to the days of Wily Brandt. Brandt was Mayor of West Berlin in the period of enormous tensions between the Soviets and the Federal Republic during the sixties and later initiated the policy of constructive engagement.
Linked Articles
Pentagon Chief Sees Opportunities In Russia and the War on Terrorism
Washington Post 01/05/2009
Germany's Angela Merkel Treads Softly With Russia's Putin On UkraineWall Street Journal 04/08/2014
Linked Articles
Whatever Happened to Silicon Valley Innovation?
BusinessWeek 12/31/2008
The Big MehNew York Times 05/25/2015
Both the automakers unions and management lacked the vision and courage to break totally with the status quo. The unions in hanging onto higher medical benefits and the management onto their higher compensation, and the management failing to shift to higher fuel efficiency standards comparable to competitors in Europe as mandated by the EU. In the process they stand to lose the higher medical benefits, and the higher compensation under government oversight as condition for loans, and along with that the jobs of unions and of management as well as the huge downsizing occurs in 2009.
Linked Articles
New York Times 12/05/2008
Toyota delays new Prius plantDetroit News 12/16/2008
Feldstein headed Reagan's economic policy team, and Hubbard headed the elder Bush's economic policy team. Its interesting that both lamented the lack of addressing the foreclosures as root of the problem. Feldstein and Hubbard gave their own proposals on the pages of the WSJ on the eve of the $700 billion bailout. The bailout plan had this gaping hole in it- with little for serious foreclosure prevention.
Linked Articles
The Problem Is Still Falling House Prices
Wall Street Journal 10/04/2008
First, Let's Stabilize Home PricesWall Street Journal 10/02/2008
FDIC's Sheila Barr voices concern for a lack of serious homeowner help and an incomprehensible reluctance to do anything serious for homeowners in Congress or the Bush Administration even as Barr, Paulson and Bernanke offered no choice to CEO's of leading banks at the meeting last week in Paulson's offices but to sign term sheets for accepting $125 billion from the government. Another $125 billion goes to smaller banks. And a unspecified amount goes to buy troubled assets under TARP, and money to buy commercial paper, and other institutional help. Still nothing on a large comprehensive basis to help homeowners in difficulty which is at the root of this crisis according to Feldstein, Hubbard, Bair.
Linked Articles
FDIC Chief Raps Rescue for Helping Banks Over Homeowners
Wall Street Journal 10/16/2008
Agency’s Head Expects Banking’s Crisis to WorsenNew York Times 08/27/2008
The collapse of Bear Stearns and the takeover with Fed backing by JP Morgan, March 15-16, 2008.
Linked Articles
At Lehman, Allaying Fears About Being the Next to Fall
New York Times 03/18/2008
In a Crisis, It's Dimon Once AgainWall Street Journal 03/17/2008
Auto sales in Japan go back to the sales level of 1972, and auto sales in Germany decline to the level in 1990. Shows the maturing western markets and how this is affecting automakers strategy, and the shift to focus more on developing countries where the market is growing rapidly but which present challenges like the need to develop lower priced cars.
Linked Articles
German Car Demand Hits New Low as Fuel Costs Rise
Wall Street Journal 01/08/2008
Auto Sales in Japan Drop to a 35-Year LowWall Street Journal 01/08/2008
Boeing's efforts to tackle these problems with older veteran engineers putting in their expertise.
Linked Articles
Boeing Brings in Old Hands, Gets an Earful
Wall Street Journal 07/19/2010
Boeing, in Embarrassing Setback, Says 787 Dreamliner Will Be DelayedWall Street Journal 10/11/2007
Environmental pollution in China's cities and increasing auto emissions that pose dangers to health. The situation in 2007 was deteriorating . By 2013 Beijing was seeing air quality extremes of 700 micrograms per square meter, with 500 routine. WHO standards show 300 micrograms as dangerous for health. Pressure to push for GDP growth is intense for local officals and the environmental agency lacked powers for enforcement. The car population was doubling every few years in this period 2000-2012.
Linked Articles
As China's Auto Market Booms, Leaders Clash Over Heavy Toll
Wall Street Journal 06/13/2006
As China Roars, Pollution Reaches Deadly ExtremesNew York Times 08/26/2007
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