GM now states it's keep a tight reign on things and everything is going according to plan.
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Board tightens watch on GM
Directors vow support for CEO and team, but are keeping closer tabs in challenging times.
The lead outside director of General Motors Corp. said Wednesday that Chairman and CEO Rick Wagoner has the board's unanimous backing but added that directors are keeping closer tabs on the automaker during this difficult stretch for the industry.
At the close of a meeting Tuesday of the 14-member board, headed by Wagoner, GM officials said the board reiterated its support for Wagoner and his management. Board member George Fisher reinforced the message Wednesday to quell talk in the media of mounting pressure on Wagoner after GM's first-half losses totaled $18.8 billion.
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Let's look a little closer at the business genius that is George Fisher.
One report of his tenure at Kodak reads very similar to his tenure at GM.
One report of his tenure at Kodak reads very similar to his tenure at GM.
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Problem is, Fisher still seems to have been taken by surprise by the depth of the company's problems. The issues that have dogged it--confused marketing, a bloated cost structure, intensifying competition from Fuji Photo Film Co., a strong dollar--have either been around for a while or could have been anticipated.source
It continues...
LOTS OF FAT. For the past few weeks, Fisher says he and his staff have been furiously devising a plan to ''significantly revamp our cost structure.'' He is seeking to cut both Kodak's manufacturing costs and to accelerate a five-year plan to slash overhead and administrative costs, which now stand at 27% of sales. He also needs to cut the payroll. Fuji's sales per employee, for example, are twice those of Kodak. In recent months, Fisher pushed out two of his top lieutenants, including the heads of the core consumer products and digital imaging units. And on Oct. 6, he cut loose 200 of the company's most senior 1,000 executives. Simultaneously, Fisher is vowing to take action to slow the loss of market share in the core color-film business to Fuji.
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Here is the problem, you see these guys go from company to company to company, taking golden parachutes when convenient, leaving devastated companies, individuals and families.
They are one trick ponies.
This is what they do at every company.......fail, cut, fail, cut, fail, cut, leave, get new job from old boy network, fail, cut, fail, cut..... see the pattern?
Ego and a glass ceilings their only form of real security against pale and lackluster job performance...in what company has someone risen from the ranks of the plant floor or mail room to eventually lead the company...only in the movies.
Lets look further back in time....
In a move that took his company's board of directors by surprise, Motorola Chairman and CEO George Fisher said he will leave the telecommunications giant Dec. 1 to accept the position of chairman/president/CEO of Eastman Kodak Co. Upon learning of his plans, Motorola removed him from the company ledgers, a not-uncommon occupance when a company executive resigns. The question remains whether Fisher is taking anyone from Motorola with him to Kodak.
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it continues...
Reaction to Fisher's announcement was swift. "I enjoyed working with George, and I will miss him," said Len Kolsky, vice president and director of global telecom relations as Motorola's Washington, D.C., office. "But he's not Motorola, and the company will go on.
They are one trick ponies.
This is what they do at every company.......fail, cut, fail, cut, fail, cut, leave, get new job from old boy network, fail, cut, fail, cut..... see the pattern?
Ego and a glass ceilings their only form of real security against pale and lackluster job performance...in what company has someone risen from the ranks of the plant floor or mail room to eventually lead the company...only in the movies.
Lets look further back in time....
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In a move that took his company's board of directors by surprise, Motorola Chairman and CEO George Fisher said he will leave the telecommunications giant Dec. 1 to accept the position of chairman/president/CEO of Eastman Kodak Co. Upon learning of his plans, Motorola removed him from the company ledgers, a not-uncommon occupance when a company executive resigns. The question remains whether Fisher is taking anyone from Motorola with him to Kodak.
source
it continues...
Reaction to Fisher's announcement was swift. "I enjoyed working with George, and I will miss him," said Len Kolsky, vice president and director of global telecom relations as Motorola's Washington, D.C., office. "But he's not Motorola, and the company will go on.
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How many of us have Motorola phones...or something else, something better?
How many of us have Kodak digital cameras....or something else, something better?
How many of us have Kodak digital cameras....or something else, something better?
How many of us have a GM vehicle...or something else, something better?
Wonder where George is going to next?
Welcome to Detroit
