[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2008/POLITICS/12/22/poll.auto.bailout/art.gmflag.gi.jpg caption="Flags fly outside of the General Motors Corporation in Detroit, Michigan."]
The Wall Street Journal
It's easy to blame the problems of the Detroit Three on their CEOs. Yet the three leaders come from different business backgrounds, with only Rick Wagoner at GM an industry man. Alan Mulally was a star at Boeing and has only two years at Ford. Robert Nardelli comes from General Electric by way of retailing (Home Depot), and has only about a year at Chrysler.
How is it that successful executives become so unsuccessful as soon as they move to Detroit? Also, how can we explain that whenever GM, Ford and Chrysler leave our shores, they compete well in foreign markets as varied as Europe, South America and China? What makes them viable competitors as soon as they cross the border?
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