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This is my effort to share my thoughts with readers about concerns facing our country today.  I believe there is a good chance my grandchildren may be the first generation in the history of this great country not to have a better standard of living than their parents. If so, our generation is to blame. The clock is running out for damage control. .

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Monday
Dec222008

The Worst Run Company in the History of America

Think about it. In your lifetime what is the worst run company you have ever seen? Clue, it's ten times the size of GM with over 2,000,000 employees. It loses money year after year. Big, big losses. This year it may be a trillion dollars. It has the highest absentee rate in history. In the past six years 20,000,000 hours of not working. Not sick days and hours, just employees not coming to work. Nothing it runs ever breaks even. Always loses money. You've got it, it's the U.S. Government. The very company that is taking the U.S. Auto industry to  the woodshed for poor management for  the last 30 years. The organization has a  new CEO, Obama, and he wants to expand into new businesses. He has no experience as a CEO, but no problem. He is a good orator and campaigner and an attorney, of course. Few corporate CEO's are attorneys, but it seems to be a good  educational background for the worst company in history. That may be a key variable in the lack of success.  

Unmitigated arrogance. These fools who run this company have no shame about chastising captains of any industry for bad management. Whoa, who holds these fools accountable?

Something as simple as a penny. It costs more to make every penny than the penny is worth. But, that company keeps cranking them out. Even GM knows better than that.

Amtrak will never have more riders than they had in 2008. Made money this year, right, wrong, lost record amounts. More riders more losses. Post office, record losses. Mustang Ranch, never made money when the government ran it.

What are the shareholders doing? They are mad. Approval ratings of the management is at an all time low of 8%. New management is coming in. Will the new management do better? No, shareholders have already been told, losses will be bigger next year.

Who is wrong here, management or shareholders? Shareholders, of course. As long as the shareholders allow the management to operate without accountability, the shareholders are to blame. 

How can  the shareholders approve a plan to expand the scope of the government's operations when everyone knows full well bigger operations means bigger losses. Why would the shareholders let this company run anything that can be outsourced to the private sector?

Even though the shareholders own the company, the structure does not allow for purging of the management. Every two years the shareholders get to choose between one group of bad managers over another group of equally bad managers. 

Who would run a company this way? It will surely go broke some day.

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