So what is the problem with GM? To hear CEO Fritz Henderson tell it, not much that leaving Detroit and bankruptcy won’t fix.
I’ll tell you the problem with GM. It’s the folks who have been running GM. I had to laugh (through the tears) when Henderson hinted that GM would be willing to relocate and leave its hometown, if need be. As if the problem is the city its headquarters are in. Not when you can point the finger at a whole host of other things: Indecision, refusing to develop anything other than the status quo, marketing that often bordered on the trivial.
The way I figure it, the only way leaving Detroit fixes the problem is if the management at GM stays behind.