> Vivec wrote:
>
> "It is with sad irony that the company which invented "planned
> obsolescence" -- the decision to build cars that would fall apart
> after a few years so that the customer would then have to buy a new
>

Yes and no.  He's got the business strategy right, but he screws up
the labor piece.

Organized labor was essentially the mafia and extorted money from both
its members and GM.

The executives, for their part, allowed the extortion because they
were on the gravy train too.

The government should take over, but like they do with banks: eject
the board and management, auction off the assets, and close down the
rest.

But the bottom line is that labor and management failed as a team.

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