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...failure to deliver on his election promise to bring the economy out of its tailspin. As in many recession-struck nations, the popular mood has shifted toward a desire for more government action to stimulate growth, while many leaders are still stuck in a let-the-market-fix-it mind-set. Major's strict anti-inflation policies kept interest rates high, stifling any hopes for growth in business or for the recovery of the devastated property market...

Author: /time Magazine | Title: John Major: Victor Beware | 11/9/1992 | See Source »

...whose charismatic leader Alfred Sloan pioneered modern corporate management, get into this fix? In large part, the company has been a victim of its past success and an insular culture that has refused to change. For 70 years, GM has operated along lines that Sloan first laid down in a 1919 memo to top managers of what was then a struggling company. Sloan separated the firm into operating groups and divisions, which were presided over by executive committees that set corporate policy. This blend of top-down control and decentralized execution helped GM build cars at lower cost than...

Author: /time Magazine | Title: What Went Wrong? Everything at Once. | 11/9/1992 | See Source »

That helped make Stempel wary of new directions when he became chairman, just as GM directors began calling for a major overhaul to fix the company. "We could never get a clear answer from him on anything," says a | disgruntled board member. "Everything got muddled and waffled. There was never a critical mass. He was just not up to it. The good news, to his credit, is that Bob finally did the right thing" when he resigned...

Author: /time Magazine | Title: What Went Wrong? Everything at Once. | 11/9/1992 | See Source »

...fix this problem? How about comping? The more writers we have, the more reporting we do. Our doors are always open. Sports Editor

Author: By Jay K. Varma, | Title: Editor's Note: | 11/6/1992 | See Source »

...that appears to transmute political banalities into profound insights. Hear his practiced homilies during the presidential debates, watch his chart-filled infomercials, and Perot's classic American optimism is instantly recognizable. Everything will be fine, he says, if we roll up our sleeves and get under the hood to fix...

Author: /time Magazine | Title: The Political Interest: Don't Waste Your Vote | 11/2/1992 | See Source »

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