Re: R.I.P. General Motors (1931-2006)

All I know is my wireless flip phone no longer say Cingular when I open it, it says AT&T ;)

mike hunt

Cingular is 60% owned by SBC (er, the "new" at&t) and 40% by Southern > Bell which incidentally is the "new" at&t's next target for acquisition. > The deal should be completed by the end of the year. > > JT > > > > > Mike Hunter wrote: >> >> The irony is that Cingular is now part of the new AT&T LOL >> >> mike >> >> > >> > >> > w_tom wrote: >> >> >> >> AT&T still exists. Its long distance and some other operations >> >> exist >> >> under SBC management (who also took on the AT&T name). Its cell phone >> >> business now exists as part of Cingular. Its two cable companies ... >> >> lost track of who has all that now. Its NCR division now operates >> >> profitably. >> >> >> >> Eastern Airlines and Pan Am became part of ... again I forgot who >> >> took them over. TWA - did that become part of American? TWA's St >> >> Louis hub - did that become an American Airlines hub? So yes, if a >> >> company is only its management, then you are right - none of them >> >> exist. But those companies still exist as part of other companies - >> >> and that is my point. Why are those operations successful again? >> >> Because the only reason for failure - bad management - was replaced. >> >> Look at GM to discover a same problem. >> >> >> > >> > >> > Wrong! EAstern and Pan Am were liquidated. >> > >> > >> > >> >> Most every large company does not just go bust. Its core operations >> >> are removed from bad management. Sometimes those operations get a new >> >> name. But those businesses continue. New management often must >> >> restructure those operations because bad management had created bad >> >> organizations and stifled employees. The point remains - GM will not >> >> vaporize. It may reorganize. It may be purchased. It may be broken >> >> up and distributed to other companies that have management with brains >> >> instead of egos. Major companies do not vaporize. They get new >> >> management to replace the only reason why companies such as GM, AT&T, >> >> Eastern Airlines. PanAm, etc were failing. >> >> >> >> Graduates of business schools don't like to admit this because they >> >> are so often the reason for failure. When management does not come >> >> from where the work gets done, then innovation cannot happen. >> >> Business >> >> school graduates assume that more investment make more innovation. >> >> They assume innovation falls from the sky like rain. Simply make >> >> clouds and rain will invariably happen. Bull. >> >> >> >> Innovation requires capital. But too much capital can even destroy >> >> innovation. It is not a bidirectional relationship as so many >> >> business >> >> school graduates assume. Innovation requires investment. But >> >> investment does not create innovation; a direct contradiction to what >> >> is taught by business school simulations and spread sheet analysis. >> >> >> >> GM's problem is their management - especially Rick Wagoner - a >> >> classic example of business and law school thinking. Whatever saves >> >> GM >> >> must first eliminate the reason why GM's large reservoir of talent has >> >> been stifled for 30 years. Same thing that destroyed AT&T (and >> >> Lucent), Eastern Airlines, Pan Am, etc was bad management. Those core >> >> >> >> > News Flash!!! >> >> > >> >> > The original AT&T is no longer. It (the unprofitable remains) were >> >> > purchased by SBC which then changed its name to the "new" at&t. >> >> > SBC, a >> >> > former baby Bell was worth far more than the original AT&T... >> >> > ... >> >> > >> >> > Really? >> >> > >> >> > Evidently you have forgotten about Eastern Airlines, Pan Am, W.T. >> >> > Grant >> >> > and a host of others. >> >> > >> >> > Nice try but no cigar!
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Mike Hunter
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