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Reply #49: Yep, you are right. Wagoner is a bean counter. [View All]

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tclambert Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 07:57 PM
Response to Reply #25
49. Yep, you are right. Wagoner is a bean counter.
Harvard MBA. Worked in Treasurer's department at GM. Rose to Chief Financial Officer before he became CEO. In other words, not a car guy. I thought we settled this back when Iaccoca came riding in to rescue Chrysler. The bean counters wreck car companies because they only care about the money issues. Quality, reputation, and planning for the future get ignored. The bean counters insist on using some plastic part instead of steel, despite the objections of the engineers because the plastic part costs a buck less and over a million cars that just saved the company a million bucks! And ends up costing them 3% market share.

Companies need to be run by people who understand the product. When you bring in financial managers they ruin it. With car companies especially, you have got to have leaders who can tell good cars from mediocre cars. That means they have to know cars and love cars.
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