Quote:
Originally Posted by Len_A
Only problem with Romney's plan is that not one dealer in the country has said they casn get customers into the showroom and sell them a car if the auto company whose brand they sell files for Chapter 11. The idiocy of all the "experts" and the TV talking heads keep missing the point. Customers won't buy the brand of a company in a formal C11 reorganization. It's not about comparing Circuit City to GM. You buy a computer or a TV from Circuit City, after a short time, it's HP or Toshiba you deal with.
The real question is if Hp or Toshiba filed for Chapter 11, could Circuit City or Best Buy sell Hp or Toshiba? You'd think the "experts" and the TV talking heads would understand that.
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Didn't Chrysler have a similar problem? I'm not saying I have the answer to that, but I listened to Romney on the radio last night, and I believe that the value of having a managed plan, with the government involvement in making sure the warranty is good, would help. But then again, that is a sticking point, for sure.
I want to see the loans made, but I want to see a reorg of the companies and their exec teams. I am sure there are good people there, but I when you are on a losing team, you've gotta make changes in the front office. Someone who has led a turnaround needs to be driving, not the guys who steered into the ditch. Even if it wasn't their fault, you've got to make the change. There is a different skill set and mentality required to make this successful. Someone with that understanding would know that he has to sell the Govt. and the public and the plan to get the funding, and then get employee buy in, cause heaven knows, you know what is going to hit the fan when they start asking for reduction in headcount and overhead costs.
I have some knowledge of the Steel industry and they faced similar challenges. Interesting comparison on how to run a company can be found by studying Nucor, and another newer company, Steel Dynamics. If you ever get a chance, read a book about a Nucor startup in Crawfordsville, IN, titled "
American Steel". Great read about how American industry can compete and kick *** in a tough industry.
By the way, best of luck to you. I was unemployed for about 9 months a few years back and made a few bucks consulting here and there. It's a tough time to be looking. Best of luck to you and let's all remember our fellow citizen's in our prayers.