Showing posts with label anne mulcahy. Show all posts
Showing posts with label anne mulcahy. Show all posts

Sunday, May 31, 2009

A Glimpse at the New Economy Post Recession

It will be much saner. Fingers crossed. The future looks bright, except for California, which is suffering from bigger woes, and could take much longer to turn itself around. Google's CEO Eric Schmidt talks about California's unique troubles:

Entire Meet the Press show:

Xerox CEO Says GM Bankruptcy Only Path

GM is expected to file for bankruptcy on Monday.
On Meet the Press, Anne Mulcahy, CEO of Xerox, says GM has no other path but bankruptcy.
That's because the auto industry destroyed itself. It's interesting that people are playing it as if Obama destroyed the auto industry. These weren't companies just teetering on bankruptcy. They were companies teetering on oblivion. They ran an entire U.S. industry into the ground with bad management that wasn't able to work effectively with organized labor. The Obama administration is working on saving an industry, not a couple of companies.