Along
with the steady stream of bad news coming from Motown has also come a tide of talent, with some employees evidently
seeking employment elsewhere in the business, or looking outside the industry altogether. The growth of
“transplant” OEMs such as Toyota and Hyundai in the US are providing opportunities beyond the former Big
Three, and the recovery in other segments of the economy means that execs can find less pain in those industries that
have already endured their own downsizing cycles. Then there’s also the draw of suppliers, many of whom can
provide substantially higher compensation.
Ex-GM CFO Mary Boland sums things up just about perfectly: “Southeast Michigan is a pretty depressing place to
be right now.”
[Source: BusinessWeek via Yahoo Finance]