Billy, Alfred, and General Motors: The Story of Two Unique - download pdf or read online

By William Pelfrey

ISBN-10: 0814408699

ISBN-13: 9780814408698

One has had extra influence on existence in the USA than the other sooner than or in view that. here's the tale of 2 males and one corporation at the beginning of all of it. you could not locate extra varied males. Billy Durant used to be the consummate salesman, a super wheeler-dealer with grand plans, unflappable strength, and a keenness for the excessive lifestyles. Alfred Sloan was once the highbrow, knowledgeable in enterprise procedure and administration, grasp of all issues organizational. jointly, this unusual couple outfitted maybe the main winning company in U.S. heritage, normal cars, and with it an that has come to outline sleek existence during the global. Their tale is filled with undying classes, cautionary stories, and suggestion for company leaders and historical past buffs alike. Billy, Alfred, and normal cars is the story not only of the 2 remarkable males of its identify but additionally of the formative many years of twentieth-century the USA, via international wars and sea adjustments in enterprise, undefined, politics, and tradition. The booklet contains brilliant, warts-and-all pics of the legends of the golden age of the auto, from "Crazy" Henry Ford, Ransom Olds, and Charles Nash to the intense yet uncredited David Dunbar Buick and Cadillac founder Henry Leland. The impression of Durant and Sloan on their contemporaries and their is matched purely via the strong legacy in their unbelievable and outstanding partnership. Characters, occasions, and context--all are introduced skillfully and passionately to lifestyles during this meticulously researched and supremely readable publication. "This ebook is especially well timed, with the car in a interval of utmost turbulence that includes a restructuring of common cars, in addition to different icons of occasions passed by. In a feeling, we can be reliving within the twenty first century the car drama of the twentieth century portrayed so good via invoice Pelfrey. The author's extraordinary writing and examine talents are obvious all through and make this some of the most vital and engaging books i have learn in a truly lengthy time." -- David E. Cole, Chairman of the guts for automobile learn "Every one who is drawn to the construction of the yankee car needs to learn this ebook. invoice Pelfrey has performed a very good activity studying the early years of Billy Durant and Alfred Sloan and the very diverse roles they performed within the heritage of normal Motors." -- Jack Smith, retired Chairman and CEO, normal automobiles company "Anyone drawn to the present tale of normal cars should still learn this engrossing description of the beginnings and early development of this greatest of all America's companies. Billy, Alfred, and the final is a crucial paintings at the historical past of the car industry." -- John G. Smale, retired Chairman and CEO, Procter and Gamble corporation; former Chairman, normal automobiles company "The demanding situations confronted by way of Durant, Sloan, and others within the automobile a hundred years in the past are as appropriate as ever this day: dealing with via various management kinds; making sure the power to evolve to a altering company atmosphere; holding money stream in the course of downturns. This ebook highlights either their successes and screw ups, and it may be learn via managers everywhere." -- Ira M. Millstein, Senior accomplice, Weil, Gotshal and Manges; traveling Professor in aggressive firm and method, Yale tuition of administration; precise Adviser to the area financial institution on company Governance "To comprehend the place normal automobiles goes, you need to first comprehend the place it's been. The who and why of all of it is fantastically defined, anecdote through anecdote, by means of Pelfrey during this interesting learn. Magnificently researched." -- Gerald C. Meyers, Professor of administration, college of Michigan (Ross) company college; former Chairman and CEO, American vehicles company

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Extra info for Billy, Alfred, and General Motors: The Story of Two Unique Men, a Legendary Company, and a Remarkable Time in American History

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Where and how he would begin manufacturing in Flint were another matter. With Billy, the deal always came first, the details later. He decided to approach a man and an institution with whom he had never done business: Robert Whaley, president of Citizens ................. 15670$ $CH2 01-16-06 11:21:36 PS PAGE 29 30 Billy, Alfred, and General Motors National Bank. Within minutes of sitting down in Whaley’s office, Billy had his $2,000. In notes he intended for his autobiography, Billy described the scene in the third person: A few doors north on Saginaw Street, the old reliable Citizens Bank— not as pretentious as the others, but sound as a rock—the president, a Scotchman by the name of Robert J.

The infamous Flint sit-down strike of 1936–1937 paved the way for a far bloodier but, in the end, less consequential war at Ford Motor. Despite the 1937 strike, General Motors was the only automaker to gain market share and remain profitable throughout the Great Depression. Alfred Sloan, however, emerged from the crisis with new resentment and a hardened antiunion, antiregulatory philosophy that only intensified each remaining year of his life. General Motors’ reluctant capitulation to the unions in 1937 set the stage for such benefits as company-paid health insurance and pensions, mandatory annual wage increases, and guaranteed employment.

On August 13, 1863, after one of those tense visits from Rebecca and her husband, he wrote: When Durant was here I thought he was too much imbued with a mania for stock speculation and my advice to him was to go back into the bank and hold on to his place there and be careful about committing himself solely and entirely to the troubled and uncertain sea of stock speculation, which I regard like every other system of gambling whether personal or professional. 5 Alas, the governor’s advice went unheeded.

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Billy, Alfred, and General Motors: The Story of Two Unique Men, a Legendary Company, and a Remarkable Time in American History by William Pelfrey


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