33Nick

Chrysler's Nardelli: Another Rough Patch

Good point about the "unimaginable" part. If we saw the real estate crash 2 years before it happened, and have been saying the same for the local car industry for decades, it seems to point at how dysfunctional management of most companies are, as well as how far removed they are from reality.

Could be the high salaries put them in the stratosphere, well above their clients' realities. Could be board members are clueless. Could be stock holders only want quick returns and rarely have long terms plans. Could be too many financial folks and not enough passionate in their products people.

One thing is for sure, things are running out of steam. The way we do business needs to be completely thought over again.