Running head: ANNOTATED BIBLIOGRAPHY
Assignment: Annotated Bibliography
Oscar Jorge Ramirez
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HRM 587: Managing Organizational Change
Professor Kim Nugent, ED.D.
Auto Bailout or UAW Bailout? Taxpayer Losses Came from Subsidizing Union Compensation
By James Sherk and Todd Zywicki. Retrieved from
The government bailout of General Motors (GM) and Chrysler between 2008 and 2009 coasted taxpayers approximately $23 billion. President Barack Obama emphatically defends his decision to subsidize the automakers, arguing it was necessary to prevent massive job losses. Even if one accepts this premise, the government should and could have executed the bailout more efficiently, with no cost to taxpayers, had the Administration required the United Auto Workers (UAW) to accept standard bankruptcy concessions. Instead, the Obama Administration gave special treatment to the UAW above and beyond what other creditors and unions received:
Chrysler Automotive industry company news. Retrieved from
Chrysler also plans to enter the pickup market with the launch of the next generation RAM truck and Jeep utility vehicle. Additionally, it will launch the right -hand drive V8 Dodge SRT and Hellcat vehicles.
GM, Ford, Chrysler, Bankruptcy and Bailout. Retrieved from
Mitt Romney has entered the fray. He calls for letting General Motors and probably Chrysler and maybe Ford file for Chapter 11 rather than suffer the indignities of an anti-free-market $25-billion bailout/loan guarantee package.
General Motors Company Interactive Stock Chart. Retrieved from
General Motors Company Analyst Forecasts Earnings Growth: Over the next five years, the analysts that follow this company are expecting it to grow earnings at an average annual rate of 15.23%. This year, analysts are forecasting earnings increase of 48.58% over last year. Analysts expect earnings growth next year of 7.51% over this year's forecasted earnings.
James, S. and Todd, Z. Auto Bailout or UAW Bailout? Taxpayer Losses Came from Subsidizing Union Compensation. Retrieved from
General Motors, Chrysler, and Ford were in serious trouble well before the recession started. Decades of mistakes by both unions and management had saddled the firms with massive debts, unsustainable labor costs, product-quality problems, and an overgrown dealer network. Yet Ford mortgaged its assets, began to restructure in 2007, and did not need a bailout. The recession brought these problems to a head at GM and Chrysler. As consumers cut back on discretionary purchases—like cars—both firms ran out of money. To become profitable again the automakers needed to restructure through bankruptcy, removing obligations they could no longer afford.
Michael Schuster and Greg Kesler. Aligning reward systems in Organization Design.
Companies are becoming more sophisticated in using organization design as a critical tool for driving business growth through new structure and capabilities. It is intuitive that aligning the right measures and reward systems with structure and process is important to organization design. But reward systems are often on the sidelines during the design process. The reasons are many and they need to change with the help of some simple frameworks...
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