Remember when car companies’ main job was to make cars for people who wanted to buy them and generate profits for their shareholders? From Eric Peters at ericpetersautos.com:
They must serve soy at GM’s corporate cafeteria. It could account for the strange statement released the other day by GM’s CEO Mary Barra. It says that the main purpose of GM is to make sure that “each person . . . lead(s) a life of meaning and dignity.”
Wasn’t it to make cars?
Emphasis on was. It isn’t anymore – apparently.
“Society at large”? This smacks of social(ist) studies rather than STEM.
But that’s what happens when a person with a background in human resourcesbecomes the head of a car company.
And it’s not just Barra.
Ford CEO Jim Hackett affixed his John Hancock to this opus – this thesis, in the Martin Luther sense – as well. Along with Borg Warner CEO Frederic Lissalde and Tom Linebarger of Cummins and 181 titans of American business. Many of these businesses have been losing market share for years. The whole of GM today has about 8 percent less market share than Chevrolet by itself had in 1970.
Which may explain the ennui of these businessmen about business.
It’s like a chapter from Ayn Rand’s Atlas Shrugged come to life.