Nobody knows you when you're down and out. That was certainly the case for GM employees in 2009 when the company was saved by government loans and bailout money. Less than a year and a half later, however, GM had paid the government back.
What accounts for this turnaround? According to GM's former CEO Ed Whitacre, who was tapped to turn GM around, GM returned to its core mission of designing, building and selling the world's best vehicles. It wasn't only that. GM employees had something to prove to the world, and Whitacre said they simply needed to be empowered to prove what they could do. And, by golly, he tells us, they did.