The Circle of (Management) Life

How quickly we forget our recent business history. Only five to six years ago, the business media reported that the only way Detroit could save itself was to dump insiders who had risen through the ranks of the auto industry, because their corporate mindset was part of the cancer destroying the Big Three from within. Bob Nardelli of Cerberus, a man who knew nothing about automobiles or large-scale consumer manufacturing, pundits declared to be the smartest move to save Chrysler. Similarly, they thought Ed Whitacre of AT&T could resurrect what had once been the great General Motors.

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