Word: legacyism
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To save his company, Wagoner will have to persuade the U.A.W. that what's good for GM is good for labor, even if it means shutting down plants and laying off workers. The company can't slim down easily, a legacy of earlier battles with the U.A.W. and labor deals...
Another legacy of GM's pact with the union is its crushing pension burden. Having shed so many workers in previous rounds of cost cutting, GM finds itself in a demographic choke hold--paying for the pensions and health care of 400,000 retirees (plus benefits for their dependents)--with...
Why do overseas firms seem to thrive, building profitable cars with U.S. workers, while Detroit languishes? For example, in the first quarter of 2005, Nissan made $1,603 on every vehicle sold in North America, while GM lost $2,311, according to Harbour Consulting. For starters, the transplants, generally with...
Legacy of a Legend At a school function, I learned of the death of civil-rights pioneer Rosa Parks from an eighth-grade student [Nov. 7]. I was struck by the complexity of God's will in our lives. Could Parks have dreamed, as she rode the bus in Montgomery...
Our profiles of heroic people whose energy and passion are making a difference in the fight against the world's most dangerous diseases garnered enthusiastic praise. But readers also took note of the need to do more to save the lives of poor people at risk from preventable illnesses Your...