Re: [Pen-l] revealing quote from new GM chairman

[Eugene Coyle <eugenecoyle@xxxxxxx>]

Sounds like a trained economist.  "A business is a business.  They all  
have a U-shaped cost curve and should set marginal revenue equal to  
marginal cost to maximize profits."  But Whitacre is much smarter than  
99% of trained economists.

Gene


On Jun 10, 2009, at 6:03 PM, raghu wrote:

> What kind of qualifications does it take to be an executive of a huge
> corporation? Apart from a complete lack of shame and a huge sense of
> entitlement that is.
>
> http://www.bloomberg.com/apps/news?pid=20601109&sid=a.quj9vK5PhI
> ---------------------snip
> “I don’t know anything about cars,” Whitacre, 67, said yesterday in an
> interview after his appointment. “A business is a business, and I
> think I can learn about cars. I’m not that old, and I think the
> business principles are the same.”
>
>
>
> -raghu.
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