Re: Hemmings Motor News June issue reprint of Romney interview...

Posted by Tim Cole On 2013/5/10 8:05:06

I don't think this discussion is not worthwhile. It's just an interesting business problem. Until I read the Romney article I had no idea that Nance was living in a narcissistic bubble.

The Packard puzzle questions the foundations of capitalism - Is hard work and fidelity to value added a worhtwhile business proposition?

If you examine the quality of broadcast music the answer is clearly - no.

If you examine the quality of military personnel overseeing issues of sexual harrassment the answer is clearly - no.

If you look at the people hired to drive school buses in Cleveland the answer is clearly - no.

If you look at Jack Welch and his committment to GE rather than his own meglomania the answer is clearly - no.

So maybe Packard went bust because they weren't crazy.

And maybe they realized this and thought the only way out was to hire a crazy man as president.