By losing staggering amounts of money and being nonprofitable for several quarters one might propose that GM is a nonprofit though it didn't plan to be. GM resembles all too many nonprofits in three important ways:
- It now states its budget in terms of its deficit.
- Its board fits the dictionary definition:" ... a board is a long thin wooden object."
- Management has been inept.
I know nothing about cars north of the steering column. But: as an adjunct faculty member at the Milano management unit of New School University we and the part-timers at NYU were unionized by the UAW a couple of years ago. But Ron Gettelfinger I won't be in your pocket.
And I pay taxes; that makes me an owner!
Finally there is really nothing inherently different about the roles and responsibility of a business board of directors vs. a charity board of trustees.
- Stewardship of assets.
- Oversight of management.
- Accountability.
- Transparency.
- Commitment to stakeholders.
Also I promise to fly coach and use my own miles to upgrade to business.
So give me a call. I'd be happy to come in for an interview. Do I have to wear a tie?
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