Terrible Management News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Developments happen acrossun ths country today, you see resistance in suburban communities to any project that they think might organize their neighborhood, and that is just -- >> laura: where is that? thee '50s and '60s, with white flight. tr 60 minutes did a great job some years ago, the new migration is from major northeastern cities. i'm from connecticut, so hartford, that's where i grew up. the flight out of new englandre terrible management of these cities. chicago, people going down south, going to south carolina north carolina, tennessee georgia -- they are going to places they think a...

It came down to bad management. yes, there were problems with gas, unions, japanese competitors and the funding crisis. but g.m. in particular was one of the worst-run companies. it was fortune 500 but had terrible, terrible management. >> how did you fix it? >> we did a massive restructuring. we put g.m. in wipe out liabilities that were unsustainable. some dealerships had to close. >> it was controversial. how did you decide which to be closed? >> we didn't. we said to the company, we both agree, the company and we agree dealerships have to be reduced. it's not our job to decide how many dea...