The Kid In Charge of General Motors

[DeadheadForPaul]

http://revivetherepublic.wordpress.com/2009/06/02/the-kid-in-charge-of-general-motors/

Scary shit. Just saw this on Glenn Beck

[Mesogen]

It's just like Iraq under the Bremer reconstruction. Bushco threw in a bunch of 20-30 somethings straight out of college and grad school to build and run the provisional government and even help write the constitution.

So the GM thing should turn out well.

[AgentOrange]

Hmmm....I used to be able to use the argument that what we were doing in Iraq was wrong, because we'd never let that stuff happen in the US ....guess that argument is now kaput.

[Kludge]

This "journalist" obviously doesn't understand the age we live in.


I'm sure Mr. Deese read the Wikipedia page on the auto industry.

[forsmant]

Shit I ran an auto giant into the ground when I was 23.

[anaconda]

Shit I ran an auto giant into the ground when I was 23.

When I was 18.

[anaconda]

See if you work hard in America (and parrot the New World Order talking points), you can achieve anything!

[Theocrat]

That is one lucky kid.

[Bruno]

That is one lucky kid.

He probably wanted to restructure an auto industry icon since he was in kindergarten.

[DeadheadForPaul]

Kind of similar to Karl Rove

Rove was a college drop-out who went all the way to the White House. His influence on Bush affected billions on people on this earth...wow

[sevin]

This guy isn't in charge of anything. He's just a face who can take the blame when shit goes bad. I pity him.

[Danke]

“Over the years, whenever reporters would ask him the secret to Southwest’s success, Kelleher had a stock response. “You have to treat your employees like customers,” he told Fortune in 2001. “When you treat them right, then they will treat your outside customers right. That has been a powerful competitive weapon for us.” As he stepped away from the company this week, his line didn’t change. “We’ve never had layoffs,” he told me the day before the annual meeting, sitting on the couch of the single messiest executive office I’ve ever seen. “We could have made more money if we furloughed people. But we don’t do that. And we honor them constantly. Our people know that if they are sick, we will take care of them. If there are occasions or grief or joy, we will be there with them. They know that we value them as people, not just cogs in a machine.”

Why can't more CEOs get it? More are just brought on board to line their pockets these days. Screw the workers.

BTW, Southwest is the most Unionized and has the highest paid work force in the industry. It is also the most profitable passenger airline.

[heavenlyboy34]

YOWzer! I keep warning people about the State, but do they listen? NO! (well, a few sensible ones do...) /end rant

[DeadheadForPaul]

This guy isn't in charge of anything. He's just a face who can take the blame when shit goes bad. I pity him.

Very well may be some truth to this post

From the Times Article (http://www.nytimes.com/2009/06/01/business/01deese.html?_r=1&ref=business):
"Brian grasps both the economics and the politics about as quickly as I’ve seen anyone do this,” said Lawrence H. Summers, the head of the National Economic Council who is not known for being patient whenever he believes an analysis is sub-par — or disagrees with his own. “And there he was in the Roosevelt Room, speaking up vigorously to make the point that the costs we were going to incur giving Fiat a chance were no greater than some of the hidden costs of liquidation.”"

Does anyone truly believe that Lawrence Summers - an economist with many awards and degrees - would kowtow to some kid with a poli sci degree?

Scapegoat'd.

[angelatc]

Very well may be some truth to this post

From the Times Article (http://www.nytimes.com/2009/06/01/business/01deese.html?_r=1&ref=business):
"Brian grasps both the economics and the politics about as quickly as I’ve seen anyone do this,” said Lawrence H. Summers, the head of the National Economic Council who is not known for being patient whenever he believes an analysis is sub-par — or disagrees with his own. “And there he was in the Roosevelt Room, speaking up vigorously to make the point that the costs we were going to incur giving Fiat a chance were no greater than some of the hidden costs of liquidation.”"

Does anyone truly believe that Lawrence Summers - an economist with many awards and degrees - would kowtow to some kid with a poli sci degree?

Scapegoat'd.

The thing that struck me is that I've worked with lots of economists, but I've never worked for an economist. I am not convinced that title alone qualifies a person to run a multi-national corporation.

I can't think of a single business run by anybody with a degree in economics.

[stag15]

The thing that struck me is that I've worked with lots of economists, but I've never worked for an economist. I am not convinced that title alone qualifies a person to run a multi-national corporation.

I can't think of a single business run by anybody with a degree in economics.

Most manufacturing companies are run by engineers, not business/finance/economics majors. Those engineers usually have an MBA though.

[DeadheadForPaul]

Most manufacturing companies are run by engineers, not business/finance/economics majors. Those engineers usually have an MBA though.

Interesting.

This kid:
1.) Has no business degree
2.) Has no engineering degree
3.) Has no postgraduate degree of any kind
4.) Has no experience in the Auto Industry

He's basically just some liberal kid who was in the right place at the right time

[stag15]

Interesting.

This kid:
1.) Has no business degree
2.) Has no engineering degree
3.) Has no postgraduate degree of any kind
4.) Has no experience in the Auto Industry

He's basically just some liberal kid who was in the right place at the right time

What is his salary? My guess is in the millions?

[AggieforPaul]

Weren't a lot of the founders in their 20s?

(then again, they were all self educated, self made men who didn't waste their time learning from socialist instructors and doing busy work like today's young adults)

[moostraks]

“Over the years, whenever reporters would ask him the secret to Southwest’s success, Kelleher had a stock response. “You have to treat your employees like customers,” he told Fortune in 2001. “When you treat them right, then they will treat your outside customers right. That has been a powerful competitive weapon for us.” As he stepped away from the company this week, his line didn’t change. “We’ve never had layoffs,” he told me the day before the annual meeting, sitting on the couch of the single messiest executive office I’ve ever seen. “We could have made more money if we furloughed people. But we don’t do that. And we honor them constantly. Our people know that if they are sick, we will take care of them. If there are occasions or grief or joy, we will be there with them. They know that we value them as people, not just cogs in a machine.”

Why can't more CEOs get it? More are just brought on board to line their pockets these days. Screw the workers.

BTW, Southwest is the most Unionize and has the highest paid work force in the industry. It is also the most profitable passenger airline.

Silly-don't you know it is all about running a sweatshop nowadays? It amazes me that folks can lament labor so much but never question the wages of anyone else. To me, everyone should be treated with respect or the business should go down the toilet.

This was merely a calculated plan to offshore a company and further squeeze american workers to accept sub-par working conditions to be competitive. Then the government will provide your healthcare and retirement benefits at which point they will tell you what treatments you need and provide safe euthanasia for the weak and elderly as a cost cutting measure.:mad:

[moostraks]

Very well may be some truth to this post

From the Times Article (http://www.nytimes.com/2009/06/01/business/01deese.html?_r=1&ref=business):
"Brian grasps both the economics and the politics about as quickly as I’ve seen anyone do this,” said Lawrence H. Summers, the head of the National Economic Council who is not known for being patient whenever he believes an analysis is sub-par — or disagrees with his own. “And there he was in the Roosevelt Room, speaking up vigorously to make the point that the costs we were going to incur giving Fiat a chance were no greater than some of the hidden costs of liquidation.”"

Does anyone truly believe that Lawrence Summers - an economist with many awards and degrees - would kowtow to some kid with a poli sci degree?

Scapegoat'd.

well said...These egomaniacs are definately not going to share the spotlight unless there is an agenda behind it. Wonder if Summers passed on any tips on surviving in the shark tank? I doubt it...