Homes Juegos Carreras Real Estate Investing | Too Little To Late! GM Fritz Henderson And Bankruptcy
Posted by myarticlenetwork on July 22, 2010
homes The GM bankruptcy sent shockwaves throughout the entire United States. General Motors was the symbol of American economic domestic power and innovation. Unfortunately, times change and so does market demands. GM had slowly fallen on hard times over recent years and the mismanagement of its executives also contributed greatly to the problems.
GM Fritz Henderson is the current CEO of General Motors. He assumed his position in March of 2009 after previous CEO Rick Wagoner went down in American business infamy when the President of the Unites States ordered he be fired from his position after GM filed for bankruptcy. Wagoner had attempted to restructure the company in the aftermath of receiving several bailouts and loans. It didn’t work and the task moved to GM Fritz Henderson. Henderson, however, could not reverse the downward spiral and this should come as no surprise. The management of the company had been questionable for years. GM Fritz Henderson previous worked for the company as Vice President so it is curious why someone so linked to the GM bankruptcy would be tapped to run the company.
juegos carreras Have you been affected in 2009 by any of the following:
- Shrinking 401-k
- Loss of a job
- Foreclosure
- Underemployment
- Living off of retirement savings
- Loss of a business
- Increased Debt Load
- Bank Failures
These events and many more have happened with regular frequency during 2009.
real estate investing For most of us, what we have experienced is something that we have never been through in our lifetime. The events we went through in 2009 are like the floods that Georgia experienced a week ago. Interstate highways closed, 2,000 or more homes destroyed, school cancelled, bridges out and 10 people lost their lives. The people who track these types of flood events say that the level of the water far exceeded any 100 year flood maps that existed for this area of Georgia. Unprecedented is how they put it.
Unprecedented!
Think about the events in the world that were unprecedented when they occurred. The assassination of JFK; the Columbia space shuttle disaster; Chernobyl ‘s nuclear meltdown; the stock market crash; the great depression; sub-prime mortgages. I am sure there are others you could think of. The question is: What did we, or should we have, learned from these things? Were changes made, policies revised, standards increased, or precautions taken?
The best laid plans don’t always produce the intended result. As it was, Elvin was buying the hay for a dollar a bale and selling it for a dollar a bale. It didn’t take long for the couple to realize that their plan wasn’t working.
Sarah said, “Elvin, we need to do something different. We ain’t making any money.”
Her husband replied, “Yeah. I think we need a bigger truck.”
Needless to say, Elvin and Sarah’s hay business never launched into a competing global conglomerate or billion dollar company. Elvin just didn’t have the “right stuff.”
Other companies have tried to mimic Wal-Mart’s practices. They have even gone to the extreme of losing money on some items just to procure traffic in their stores. In tough economic times, that formula doesn’t produce revenue. In a good economy OR bad economy, the bigger truck theory only works if there is some profit on the sale You can be published without charge. You can to republish this article in your website or blog. Please provide links Active.
