Now that Fritz Henderson has split with the GM board, the reports are that GM will "look outside" for a new CEO. Amazing.
Things run amuck when business types don't understand the nuances of the core business. That's a fact and it applies to all business. CEOs brought in to "set the business right" are all well and good and perhaps their core expertise is in triming waste and streamlining things so the the business management is more up to date. What that usually means is that 1. people with none productive jobs are let go and 2. people with jobs that are not understood in nuance to upper management are next on the chopping block. Without management that understands the business at its core ... well take a look at GM liquidation stock (MTLQQ.PK). Berkshire could by it with with pocket change.