Wednesday, October 21, 2009

New CEO of Largest Automaker Apologizes

The other day, the recently installed new CEO of the worlds largest automaker made a public apology for his company’s performance.

Astonished reporters heard him apologize for the company being shamefully unprepared for the global economic crisis; apologize for billions in losses both last year and again this year; apologize for a manufacturing fault which caused the death of a California highway patrol officer and three family members; and apologize for the unfortunate closing of the company’s joint venture assembly plant in Fremont California.

Who was this CEO? Well it wasn’t GM’s new CEO, Frederick Henderson. No, it was Akio Toyoda, the new CEO of Toyota.
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