General Motors Co.
chairman and CEO Dan Akerson has vowed to end company "fiefdoms" as he remakes the automaker's global structure.
"We're a global company that operates as small, little fiefdoms. That's got to stop," Akerson told employees during a recent global town hall meeting. "That contributes to this silo effect or perception."
GM is reshaping the company's long-entrenched focus on regions — North America, Europe and International Operations — dubbed "legal entities" by Akerson. Instead, he wants a structure that allows GM to take advantage of global scale and authority, and many operations would be more centralized, such as marketing, purchasing and global development.Read Article