NEW YORK - General Motors Corp (GM) will be replaced by Cisco Systems Inc in the Dow Jones Industrial Average (DJIA) and Citigroup Inc will be replaced by Travelers Companies Inc, Dow Jones Indexes said today."The parlous state of GM has left us with no choice but to remove it from The Dow. A bankruptcy filing immediately disqualifies a stock regardless of a company's history or its role as a cultural icon," said Robert Thomson, managing editor of The Wall Street Journal and editor-in-chief for all of Dow Jones in a press release. — Reuters
If a business is considered as an icon to a country, it must have served the country for decades and has been benefiting the nation for a very long time. US's icons are a lot - McDonald's, KFC, Starbuck, Tupperware, Wal-Mart, and not to mention, the 2 defunct companies from automotive and banking industries as above. Japan's icons - Toyota, Honda, Sony, Mitsubishi, Panasonic, etc. Swedish's icon - Ikea. British's icon - Tesco? French's icon - Carrefour? They carry the name of the company and indirectly, carry the country's pride in all corners of the world.
What about us? What is the most deserving Malaysian icon - besides the orang utan and KLCC - I mean in terms of business and the flag they carry in many other countries? Let me see
(it's not easy to list down the possible businesses you see):
- Secret Recipe?
- Proton???
- Malaysia Airlines?
- Air Asia? (Poor Dato' Tony, he really needs that extra rest after fainted at the LCCT yesterday ).
- Pensonic??
- Sime Darby?
- Petronas?
- Berjaya Group?
Poor GM and Citigroup. Such large organizations full of pride and now shrunk into pieces needing rescued by the American public. What goes up must come down.
2 comments:
Hope GM auctions their SUV Arcadia. That wud be nice! Sporty massive seven seater than can go anywhere and get it cheap too. Yea I know it doesn't work that way. Loved American cars. So far for Malaysia the icon seems to be Petronas, Malaysia Airlines and not forgetting tourism. This is what i gathered from the international crowd i met on daily basis. How bout the msian company with international market share. I know for a fact that many people like to do business with malaysia especially for food market. Sailboats are made in Malacca and sold overseas stamped made in msia. I think we will get there. Brand placement and advertising however is very lacking.
Petronas and Malaysia Airlines huh? Those 2 companies really need charismatic and awesome leaders to sustain...if not, they'll end up just like GM or Citibank. Then we are left with nothing else to be proud off.
I really think that Idris Jala should write a book.
Post a Comment