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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
06/07/2014
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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