News Analysis: Of formerly Vaunted General Motors: ‘Is A “Anything For A Buck” (AFAB) Mentality To Continue?’ asked Government Officials in Washington, D.C. A $..57 Cent Component in a Switch Assembly malfunctioned numerous times resulting in many deaths in General Motors Vehicles.
Several years ago General Motors was at the “Public Trough” in Washington, D.C. seeking “Bail Out” Money from the American Government. Since it was deemed “Too Big To Fail”, it was given the money. What was apparently NOT DISCLOSED at the time was that the Spring Malfunction had, for several years prior, already caused the unfortunate deaths of Americans.
The solution was to replace the $.57 Cent Spring! This was something that was anguished about (the cost of the Spring replacement) by General Motors Engineers and Management for Years, it has been said)! The ‘AFAB’ Mentality was alive and well at General Motors.
One of the obvious flaws of the existing “Stock Market System” is the Investors want higher earnings by Corporations in each Calendar Quarter. ANYTHING which might affect that Mantra is to be Opposed by Management; in this case it was a $.57 Cent part (AFAB at work)!
Whether or not both the “AFAB’ Mentality of Automobile Companies (and Others) really changes is problematic. What many people WILL bet on that in cases such as these tragedies, the purported current ‘Outrage’ of Washington, D.C. Politicians will subside and the “Shuck and Jive is Alive” reality will once again present itself in the City; Politicians being Politicians.
Reality.