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General Motors is the world's largest automaker and saw it's beginnings in 1902 and was founded by William Durant (General Motors Corp, 2007). General Motors was initially founded as a holding company for Buick (General Motors Corp, 2007). Over the next few years, Buick acquired Oldsmobile followed by Cadillac, Oakland, and Elmore Motor Companies (General Motors Corp, 2007). In 1908, these companies were combined into a single business unit that we now know as General Motors (General Motors Corp, 2007). After a few years of financial hardship for the company, the stockholders were forced to intervene to save the company from financial ruin and they removed Durant from power in the company he founded...
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