Has anyone else noticed how the news has turned against Toyota ever since the US Gov't took over GM and essentially, became a competitor?Well, an experienced investor often makes an effort to talk his book!
Isn't that queer..... hmmmm... Originally Posted by MrGiz
But seriously, it is tough to go up against an entity that for all intents and purposes is controlled by the U.S. government.
In the 1970s, a college friend of mine went to work for a midsized family-owned company. As the business grew, he enjoyed several promotions -- eventually landing one of the firm's top two or three posts. By the early '90s, he felt he should be a candidate for the top job, as the majority owner planned to retire soon.
But there was one slight problem. Another candidate, considered less hard-working and less qualified by my friend, had the inside track. Dad was the boss!
Just as it's hard to land the top job when the founder's son works for the company, it's tough to compete against a manufacturer virtually owned by the government -- especially when the huge conglomerate that "owns" your competitor controls other departments capable of wielding their influence to highlight issues easily saleable as safety concerns and legal vulnerabilities.
