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30 Mar 2009 09:03 am
Rolling Rick
Megan on GM's CEO getting the axe:
Rick Wagoner is no managerial genius, but I'm not sure this will
actually help much. GM is caught in the jaws of its own structural
problems--labor costs, yes, but also its corporate culture, its legacy
physical plant, and so forth. Perhaps most perniciously, GM is the
victim of a brain drain--it's difficult to recruit top talent to a
dying firm, especially when it's located in a dying industry.
I get the heebie-jeebies any time a politician makes a business decision.
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