One last General Motors-Condé Nast parallel worth pursing: Both companies have been badly run by executives who invested more effort in pursuing perks, status, and empire-building than chasing profits. Writing in a slightly different context, Condé Nast veteran Tina Brown summed up what ails the magazine company in an April post on the Daily Beast: “The court of the Sun King is a rats’ nest of competing favorites who jostle for the 81-year-old supremo’s [S.I. Newhouse] attention.”
Jack Shafer connects the dots between the failures of Condé Nast and General Motors over at Slate.
6 Comments on “Quote Of The Day: Dying Dinosaurs Unite! Edition...”
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If Slate is able to piece it together then it must be really obvious…
EN, I, too, read that article at Slate today.
My first impression was that more people would search for GM in the news than for Gourmet magazine or Conde Nast, so it was clever to draw a parallel between Conde Nast and GM to get more hits on the article…
My lasting impression was that it wasn’t very insightful regarding the story of GM – but then I am living the story as an employee of GM and cannot help but know more details and the article was about Gourmet magazine after all.
Maybe we need a Conde Nasty Bailout Bill.
Sun King? Rabid Rick? I don’t think so. If Conde Nasty is the French Revolution, GM is the collapse of the Soviet Union by bureaucratic sclerosis.
Unlike C&D, Gourmet could identify a turkey.
Har har…Comment of the Day, Rix!