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This week, Wayne talks to management guru Robert Heller about the auto industry bailout in the U.S. and what it tells us about U.S. industry and, in particular, U.S. management.
As Robert points out, in the 1950s, the car industry epitomised what was good about US business. Now they epitomises everything that has gone wrong, with a loss of leadership, innovation and direction and CEOs who he recently described as colossally overpaid, professionally incompetent and hugely conceited.
But is this a failure of individual leadership or a systemic problem? And what – if anything – can be done to save this iconic part of U.S. history?