Talent? | Clipmarks


	Talent?

ColoradoRight

2-24-2009 12:50 PM

101 views

tags:

talent, executives, loss, leadership, insight, ruin

ColoradoRight says:

Why would anybody even want to get close to a share of GM stock?

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2-25-2009 2:50 AM

merrie

SAAB???

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/44b36874-4504-4776-93a1-77b37ed52ec6/A1E90725-2460-48B4-8362-7DB7E19C63FF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.samefacts.com/archives/commerce_and_its_discontents_/2009/02/tsawtd.php" href="http://www.samefacts.com/archives/commerce_and_its_discontents_/2009/02/tsawtd.php" style="font-size: 11px;">www.samefacts.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.samefacts.com/archives/commerce_and_its_discontents_/2009/02/tsawtd.php"><P>More plaintively, lately, than forcefully, this and that stumbling bank or corporation has claimed that capping bonuses (or taxing the rich) will make it impossible for them to retain the exquisitely rare, irreplaceable, talent at the top on which they depend. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.samefacts.com/archives/commerce_and_its_discontents_/2009/02/tsawtd.php">On the whole, this indispensable leadership and insight has made a smoking ruin of every company they were allowed to play with! Let's take Bob Lutz, the vice-Chairman of General Motors.  In the Jan. 31 <EM>Economist</EM>, we find him saying <A href="http://www.economist.com/business/displaystory.cfm?story_id=13024667">GM held on to SAAB for nineteen unprofitable years out of twenty</A>, for a $5 billion loss, selling car after car at a loss of $5K each because ... wait for it ... "it loved the marque and the cars."</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.samefacts.com/archives/commerce_and_its_discontents_/2009/02/tsawtd.php">I had to read it again: they flushed five billion dollars of their shareholders' money down the toilet for the personal amusement of the executives, and went on doing it for two decades.  More amazing still, Lutz is dumb enough, or arrogant enough, or both to tell exactly that story to a reporter. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A1E90725-2460-48B4-8362-7DB7E19C63FF/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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