What do you think?
2006-10-22 15:37:15 · 1 answers · asked by Rokfeller T 1 in Business & Finance ➔ Corporations
Too much for Stockholder wealth than creating a stable company. That's why we have seen so many exectutives in trouble for inflating company values.
Did you ever notice the correlation when a company announces massive layoffs how the stock prices increase?
Employees are viewed as an asset that gotten rid of at a drop of a hat. It does not matter that the people making the decisions have run the company into the ground and keep their jobs.
Look at the GM and Ford. Many concessions over the years to the UAW that have the companies now saying "We have too many people" and are trying to nulify the contracts they entered into years ago. They were lazy and short sighted by not putting their foot down then and it is bitting them in the butt now. So who can they go after without issues - the non-union salaried personnel.
Poor customer service in general. They are happy to sell you a vehicle, but once you sign the contract, you are ignored unless you complain enough.
I live and worked in Automotive in Michigan - current unemployment rate - 6.9% worst in the nation. I am looking for a job outside of the automotive arena as it is so volitile lately.
Look at the history of the American automotive industry (the Big 3) over the past 20 years and you will see a good example of how not run a corporation.
2006-10-23 05:35:15 · answer #1 · answered by Joe S 6 · 0⤊ 0⤋