General Motors
General Motors, the world’s largest auto maker has more than 700 000 employees in 35 countries
GM is bigger than AT&T, Federal Express, IBM, and Microsoft combined
In the earl;y 1990’s, GM’s U.S. auto business accounted about 1.5% of the U.S. economy, down from 5% in the 1950’s.
Its sheer size had grown to be one of GM’s greatest burdens.
For 70 years, GM operated along the lines laid down by CEO Alfred Sloan, who rescued the the firm from bankruptcy in the late 1920’s.