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G.M.’s Flawed Culture
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Rattner calls his own contact with GM's culture a revelation of what went really wrong at the automaker before the bankruptcy. He refers to the "nods" and the "salutes," the superficial power point presentations, and failed leadership, calling it hugely disappointing and stunning in its scope and extent. The greatest damage is done to GM's employees, its partners and customers, and to America, with the collapse of values and culture at a key manufacturing company. Did Akerson and Whittaker, CEO's brought in from the outside after the bankruptcy, get a grip on this and make changes, or was their period at the company too short to make an impact. The period since the recalls has not convinced the American public that GM is now a different company.
Steven Rattner on GM's Culture from the period before bankruptcy to the recall crisis in 2014
06/02/2009
Rattner refers to the "nod" and the salute, the superficial power point presentations, and the malaise in GM's culture that led to the bankruptcy. He calls it stunning in its scope and extent, and hugely distressing for the company's employees and partners, customers, and for America.
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"No place in Michigan"- Morgenson of the NYT on aspects of the culture at GM (General Motors) leading to the recall crisis of 2014
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After the triple bankruptcies in Michigan of GM, Chrysler and the city of Detroit, the lost decade for Michigan and the continuing struggles of young people to find good job opportunities, there is no place in Michigan for the failed cultural practices of the past. Morgenson describes some of the practices at GM that led to the recall crisis of 2014. Other aspects of the same culture led to the bankruptcy at GM. The NYT columnist also takes up the issue for cultural practices in other parts of the country, in the financial industry based in New York- and in London, UK.
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