Abuses of Management – Examples in Today’s Press

admin — Thu, 27 Nov 2008 22:25:18 +0000

It does not take a genius to discover why the American and western financial systems are in such trouble. It all boils down to a number of very simple concepts.   Respect for others, hard work and morality.
Sadly most in “upper management” understand any of these simple concepts.   If you take a simple hamster as an example the simple animal exhibits, portrays and even intuitively understands three basic concepts
1) Always to be inquisitive and interested – always looking around for more and new sources of income flow so to speak in the form of nourishment
2) Never to bite the hand that feeds. On top of that hamsters even seem to display a form of gratitude to those that provide for its living
3) If given or if the animal finds an amount of food – it will promptly hide the food away for storage for later use during non peak or off peak periods. In essence this can be said to be “saving” or “investment” or simply planning ahead.
Contrast this to the recent display of American auto executives and their requests for funds from Congress.
First neither they, their workers nor union leaders seem to understand that they have been in a privilege position in terms of taking advantage of American auto consumers for years. Brand loyalty, and a tariff system that protected against foreign imports were their shields of honor.
Yet as those came down and were eroded - consumers bought “foreign cars” and developed brand loyalty to these lines – even growing through them as they prospered and advanced in life – much like the original General Motors model of starting with a Chevy and working up the various lines of GM products in their lives and their prosperity to an eventual aim of a Cadillac or worse a Buick model car the American auto executives in their wisdom decided in the 70′s that proudly “We do not want to build econoboxes” .   This was either for reasons of pride, ego or earning /profit per unit. If forced to the wall G.M. (the market leader of its time with the most resources of any auto manufacturer by far) developed and built such forerunner quality products as the Chevy Vega, and at Ford – the Pinto. As a result those young people entering the automotive market as a first time buyer purchased such vehicles as Damsons and Toyotas. These people grew through life and most likely are now driving Toyota or Nissan products in the form of luxury Lexus or Infinity products.
Even after such an ordeal and teaching experience of life – you would think a humbling experience what do we have – Auto executives flying in corporate jets to demand money from congress. No preparation. No business plans what so ever. Indeed the only result from the whole exercise seems to be a concern to shield the specific use of GM corporate jets.
One can say what else you can expect from a group of monkeys. Legends in their own minds. Putting in times in order to obtain perks and lord over their subordinates.

Nov. 27 (Bloomberg) — General Motors Corp., criticized by U.S. lawmakers for its use of corporate jets, asked aviation regulators to block the public’s ability to track a plane it uses.

“We availed ourselves of the option as others do to have the aircraft removed” from a Federal Aviation Administration tracking service, a GM spokesman, Greg Martin, said yesterday in an interview. He declined to discuss why GM made the request.

Flight data show that the leased Gulfstream Aerospace G-IV jet flew Nov. 18 from Detroit to Washington, where Chief Executive Officer Richard Wagoner Jr. spoke to a Senate committee that day and a House panel the next day on behalf of a $25 billion auto-industry rescue plan.

Representatives at the Nov. 19 House hearing including Democrat Gary Ackerman of New York faulted Wagoner, Ford Motor Co. CEO Alan Mulally and Chrysler LLC CEO Robert Nardelli for taking private jets to Washington to plead their case.

“Couldn’t you all have downgraded to first class?” Ackerman said.

Symbol for Critics

Critics of a federal aid package for GM, Ford and Chrysler spotlighted the exchange to attack the money-losing companies as undeserving of a bailout. GM, the biggest U.S. automaker, has said it may run out of operating cash by year’s end without government loans.

The Gulfstream jet was leased from GE Capital Solutions in Danbury, Connecticut, a unit of General Electric Co. After the plane’s latest flight to Washington on Nov. 25, and from there to Dallas, its movements could no longer be tracked.

An FAA spokeswoman, Laura Brown, said she couldn’t immediately determine whether her agency had granted GM’s flight-privacy request. “We do this routinely” for aircraft owners, she said yesterday. “They don’t have to have a reason” for requesting the block, she said.

The FAA tracking data don’t identify who is aboard the flights.

GM also has seven planes in its own fleet. All were grounded yesterday, said a spokesman, Tom Wilkinson. Two are for sale and two are in the process of being listed for sale, while Detroit-based GM plans to keep three, he said.

The leased Gulfstream has made 10 trips to Washington this year, including three since October, according to data compiled by Houston-based flight-tracking service FlightAware.com.

GM said it often sub-leases the airplane to other users. GM officials said company employees weren’t aboard the jet on the final Nov. 25 flights before its movements ceased being tracked.

http://www.bloomberg.com/apps/news?pid=20601087&sid=afrKemH3i.2Y&refer=home#

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Abuses of Management – Examples in Today’s Press