Who cares if Wall Street 'talent' lea...

Who cares if Wall Street 'talent' leaves?

There are 19 comments on the CNN story from Oct 23, 2009, titled Who cares if Wall Street 'talent' leaves?. In it, CNN reports that:

There's no need to fear a Wall Street brain drain -- despite the crackdown on pay by Washington.

Join the discussion below, or Read more at CNN.

Dumb Boss

United States

#1 Oct 23, 2009
That's what got Ford Motor Company into trouble decades ago. They froze executive pay in response to criticism of the disparity between management pay and worker pay. The workers went on to get huge contract pay raises while Ford lost its best execs and engineers to the Japanese manufacturers who put the best and brightest to good use developing products and marketing that propelled Japanese cars to the top of the industry.
Bob Burns

Kunming, China

#2 Oct 23, 2009
Got a job for you in Shanghai
John Q Public

AOL

#3 Oct 23, 2009
Bovine Fecal Matter!!! The high quality production methods used by the Japanes to surpass the US auto makers was created in the USA. Detroit executives refused to adapt to a more quality concious buyer all by themselves. It had nothing to do with unions or executive pay and everything to do with arrogance and ignorance!
Dumb Boss wrote:
That's what got Ford Motor Company into trouble decades ago. They froze executive pay in response to criticism of the disparity between management pay and worker pay. The workers went on to get huge contract pay raises while Ford lost its best execs and engineers to the Japanese manufacturers who put the best and brightest to good use developing products and marketing that propelled Japanese cars to the top of the industry.
Redneck

Las Vegas, NV

#4 Oct 23, 2009
Is that why Ford was wired?
Redneck

Las Vegas, NV

#5 Oct 23, 2009
A tie discussion...
Redneck

Las Vegas, NV

#6 Oct 23, 2009
How to play chess?
Redneck

Las Vegas, NV

#8 Oct 23, 2009
Sola Scriptur....The Berean's...The Heart of a thing
Educate John Q Public

Marietta, GA

#9 Oct 23, 2009
John Q Public wrote:
Bovine Fecal Matter!!! The high quality production methods used by the Japanes to surpass the US auto makers was created in the USA. Detroit executives refused to adapt to a more quality concious buyer all by themselves. It had nothing to do with unions or executive pay and everything to do with arrogance and ignorance!<quoted text>
Toyota sent swarms of engineers to tour Ford manufacturing facilities in the 1950s and study assembly line methods. The Japanese asked lots of questions and Ford told them what they were doing right and what they wish they had done differently. Toyota designed their facilities the way Ford recommended.
The Japanese also utilized Professor Demming's quality analysis methods he had co-developed while quality control boss at American AT&T back in the 1930s. Professor Demming had been sent to Japan by the US government after WW II to help rebuild Japanese industry with the same goals as the Marshall Plan to rebuild war devastation in Europe.
Both Ford and GM hired Professor Demming in the 1980s to learn his quality analysis methods.
Ford has since moved on to 6 Sigma quality assurance and now Ford quality surpasses Toyota and other Japanese brands.

Another big step forward for Ford was to fire all minority suppliers that they has so foolishly contracted with for years. Under Bill Ford and Jaques Nasser, Ford had adopted a social conscience and took on minority suppliers as a way to spread the wealth to minority businesses. Low parts quality, poor cost controls, and poor on time delivery finally prompted Ford to copy the Japanese and purchase parts from the lowest cost, highest quality producers, regardless of source. This was a return to the old policies of Henry Ford himself. Disregard race and consider only product.
John Q Public

AOL

#10 Oct 23, 2009
As I said before, Detroit rejected high quality production methods. It all had to do with arrogance, not unions or executive pay. Cutting and pasting will prove nothing. Educate youself before you make a fool of yourself.
Educate John Q Public wrote:
<quoted text>Toyota sent swarms of engineers to tour Ford manufacturing facilities in the 1950s and study assembly line methods. The Japanese asked lots of questions and Ford told them what they were doing right and what they wish they had done differently. Toyota designed their facilities the way Ford recommended.
The Japanese also utilized Professor Demming's quality analysis methods he had co-developed while quality control boss at American AT&T back in the 1930s. Professor Demming had been sent to Japan by the US government after WW II to help rebuild Japanese industry with the same goals as the Marshall Plan to rebuild war devastation in Europe.
Both Ford and GM hired Professor Demming in the 1980s to learn his quality analysis methods.
Ford has since moved on to 6 Sigma quality assurance and now Ford quality surpasses Toyota and other Japanese brands.
Another big step forward for Ford was to fire all minority suppliers that they has so foolishly contracted with for years. Under Bill Ford and Jaques Nasser, Ford had adopted a social conscience and took on minority suppliers as a way to spread the wealth to minority businesses. Low parts quality, poor cost controls, and poor on time delivery finally prompted Ford to copy the Japanese and purchase parts from the lowest cost, highest quality producers, regardless of source. This was a return to the old policies of Henry Ford himself. Disregard race and consider only product.
joe

United States

#11 Oct 24, 2009
John Q Public wrote:
As I said before, Detroit rejected high quality production methods. It all had to do with arrogance, not unions or executive pay. Cutting and pasting will prove nothing. Educate youself before you make a fool of yourself.<quoted text>
John Q you are a dickhead!!!!Have a good life thinking you are important or imponent!!
John Q Public

AOL

#12 Oct 24, 2009
Joe "The Plumber" you are a dickhead!!!!Have a good life thinking you are important or imponent!!
joe wrote:
<quoted text>John Q you are a dickhead!!!!Have a good life thinking you are important or imponent!!
WORLD IDIOTS RACE WAKE UP

New York, NY

#13 Oct 24, 2009
The acidic NAFTA , free trade bills, the unbridled capitalism without governance, the unfair, non-transparent one-sided/lopesided trade laws ... and the Greed, Avarice, corruption etc.,can bring any nation to it's knees.

Readup on evil interrelationship of what COrporatism and Fascism can do to nation(s) and it's people.
BigChiefRunnyBow els

Stockton, CA

#14 Oct 24, 2009
This country is in the toilet. Redman will take back what was taken by white man.
WORLD IDIOTS RACE WAKE UP

New York, NY

#15 Oct 24, 2009
Educate John Q Public wrote:
<quoted text>Toyota sent swarms of engineers to tour Ford manufacturing facilities in the 1950s and study assembly line methods. The Japanese asked lots of questions and Ford told them what they were doing right and what they wish they had done differently. Toyota designed their facilities the way Ford recommended.
The Japanese also utilized Professor Demming's quality analysis methods he had co-developed while quality control boss at American AT&T back in the 1930s. Professor Demming had been sent to Japan by the US government after WW II to help rebuild Japanese industry with the same goals as the Marshall Plan to rebuild war devastation in Europe.
Both Ford and GM hired Professor Demming in the 1980s to learn his quality analysis methods.
Ford has since moved on to 6 Sigma quality assurance and now Ford quality surpasses Toyota and other Japanese brands.
Another big step forward for Ford was to fire all minority suppliers that they has so foolishly contracted with for years. Under Bill Ford and Jaques Nasser, Ford had adopted a social conscience and took on minority suppliers as a way to spread the wealth to minority businesses. Low parts quality, poor cost controls, and poor on time delivery finally prompted Ford to copy the Japanese and purchase parts from the lowest cost, highest quality producers, regardless of source. This was a return to the old policies of Henry Ford himself. Disregard race and consider only product.
I think Japanese improved on the US mangerial aspect of XY with XYZ of pratical management of the '80 and reason they surpassed the USA in efficiency management, but bad for the employees. Tell me if i wrong?

Remember Toyota was in the red , the japanese executive lied to public about its balance sheet but survived by earning meager profits ; more liking they used and improved on US management models, see above .
No For or GM Here

Hampstead, NC

#16 Oct 26, 2009
Ford and GM will never surpass foreign quality...... Five American automobiles with major repairs......no repairs on any Toyota ever purhased....just routine maintenance....
Ford and GM lost their quality/style vision long ago.....and even today their designs are still subpar.

“Hey Neighbor”

Since: Sep 09

Hollister, MO

#17 Oct 26, 2009
No For or GM Here wrote:
Ford and GM will never surpass foreign quality...... Five American automobiles with major repairs......no repairs on any Toyota ever purhased....just routine maintenance....
Ford and GM lost their quality/style vision long ago.....and even today their designs are still subpar.
I agree 100%.You are absolutely right.These execs are just too greedy.
BS Spotter

San Diego, CA

#18 Oct 26, 2009
Nah. I totally disagree.

The reason Ford, GM, Chrysler never gave a crap about quality is because they felt they had a captured market. When the Japanese came and showed the American consumer how cars should be built, the American buyer went the Japanese way. Hence, Toyota, Honda and others made a fortune selling to the American market. But, you must remember: The Americans are the ones that funded the Japanese equipment, so the Japanese could re-build Japan and start building cars. It was our money and our technology that helped that nation become what it has become. So, guess what? We are going back to our basics and we will recapture our market. Check what Ford is offering now (Models 2010 and on). GM is coming with cars that will send the Japanese and the Koreans back to the ocean ports with un-sold units. You can bet the farm on it.
Bob Burns

Kunming, China

#19 Oct 26, 2009
BS Spotter wrote:
Nah. I totally disagree.
The reason Ford, GM, Chrysler never gave a crap about quality is because they felt they had a captured market. When the Japanese came and showed the American consumer how cars should be built, the American buyer went the Japanese way. Hence, Toyota, Honda and others made a fortune selling to the American market. But, you must remember: The Americans are the ones that funded the Japanese equipment, so the Japanese could re-build Japan and start building cars. It was our money and our technology that helped that nation become what it has become. So, guess what? We are going back to our basics and we will recapture our market. Check what Ford is offering now (Models 2010 and on). GM is coming with cars that will send the Japanese and the Koreans back to the ocean ports with un-sold units. You can bet the farm on it.
I'll take that bet
Bowels R Us

Fort Morgan, CO

#20 Oct 26, 2009
Too bad N korea doesn't attack S Korea and blow them up, then we wouldn't have to worry about Kia anymore. LOL

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