tag:blogger.com,1999:blog-6924150004642013560.post1935190161600935949..comments2023-09-09T03:32:12.321-04:00Comments on EXCUSE ME LEADERS- Leadership During Times of Financial Crisis: GM CEO TO STEP DOWNMike Policanohttp://www.blogger.com/profile/03888038747873570546noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6924150004642013560.post-87566312107864534762009-04-01T09:02:00.000-04:002009-04-01T09:02:00.000-04:00Crisis managers deal with brokering compromises am...Crisis managers deal with brokering compromises amongst various stakeholders all the time. If GM's board brought on a name brand crisis manager that may help.<BR/><BR/>Maybe the new CEO will make better use of GM's advisors Evercore. They have a few very experienced and capable people to deal with these issues.<BR/><BR/>Cheers, MikeMike Policanohttps://www.blogger.com/profile/03888038747873570546noreply@blogger.comtag:blogger.com,1999:blog-6924150004642013560.post-32959431279519316662009-03-30T08:47:00.000-04:002009-03-30T08:47:00.000-04:00The challenge will be to find a leader who can suc...The challenge will be to find a leader who can successfully broker such compromise with the bondholders, UAW, GM, and the government.<BR/><BR/>I concur a radical restructuring is needed to alleviate GM from onerous debt, pension, and healthcare obligations.BatesCainellihttps://www.blogger.com/profile/01260691416657056165noreply@blogger.comtag:blogger.com,1999:blog-6924150004642013560.post-57251157119279530942009-03-30T08:36:00.000-04:002009-03-30T08:36:00.000-04:00Carla, you have made a couple of good points. Fir...Carla, you have made a couple of good points. First, an insider such as the COO is usually part of the problem and will usually not move as far, as quick and as deep as an outside. GM needs radical change now!<BR/><BR/>Further, key man contracts are ridiculous. I don't know how they got so high but CEO's get entirely too much for failing.<BR/><BR/>Cheers, MikeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6924150004642013560.post-68773137437079970862009-03-30T08:26:00.000-04:002009-03-30T08:26:00.000-04:00Can an insider get outside the culture and history...Can an insider get outside the culture and history to make and accept the vital decisions enabling survival? That is hard to imagine.<BR/>Also, let's see what Wagoner's key-man contract gives him in departure pay out. His house may get TP'd by the rank and file.Carlanoreply@blogger.com