--- In FairfieldLife@yahoogroups.com, "John" <jr_...@...> wrote: > > GM is a classic example of a company that failed to be innovative in the > midst of competition. The blame has to be placed on the managers who ran the > company to the ground. > > >
********* GM mgmt was good, the problem is that U.S. companies ware saddled with unsustainable labor costs as a result of the failure of the U.S. to provide universal government-backed health care. All other industrialized democracies have health care for all citizens, so carmakers in those countries do not have to pay for employee (and even retired employee!) health costs as GM ($1500/car for health costs) and others do: http://yaleglobal.yale.edu/display.article?id=8785
