Accountability + Responsibility = Sustainability - Part Deux
2009-05-21 05:17:59
Accountability + Responsibility = Sustainability - Part DeuxIn yesterdays blog we talked about the automakers who to the government bailout monies and what it has done for their shareholders all the way down to us the consumers (a.k.a. stakeholders).
I didn't name names in the first portion of this blog as I didn't feel it was necessary. Today, however I am going to use the one and only automaker who didn't take the government bailout monies as our prime example of Accountability + Responsibility = Sustainability.
How man automakers can say that their stock value has increased? Looking at The New York Times today, Ford* is in the spotlight for its ongoing commitment to Accountability + Responsibility = Sustainability. They are proving that despite a steady drop in their sales and their production, consumer (stakeholder) confidence still remains high as their stock value has almost tripled since rival automakers have received the government bailouts.
By no coincidence they are the only ones not filing for bankruptcy. This is not to understate the fact that they are hurting fiscally as a company. Despite this economic downturn spokespersons are projecting that the company should recover by 2011. So, here we can see that Accountability + Responsibility at least gives us the promise of Sustainability.
*The only one of the "Big 3" automakers who did NOT take the government's bailout money.