General Motors

Seems to be an OK company for someone looking to make a career in the auto industry. As everyone must be aware by now, there will not be an auto industry in the US for a few decades. The company still manages to keep a modicum of former-era benefits, like education assistance and 401K match, etc. They seem to be very flexible as far as work schedules are concerned. GM tries to shield employees from its financial troubles and does a great job at it. There have hardly been any layoffs in its 100-year history. Their processes and organizational design are a good case study for MBA students; it has plenty of good and bad features.

Right now, the survival of the company is all that employees are thinking about. So other downsides like lack of adequate compensation, career growth, benefits, etc., are insignificant. The employees are mostly Detroit area locals. People from other states will feel like fish out of water.

Please declare bankruptcy, get rid of liabilities, and start afresh with a smaller company.