“Forget past mistakes. Forget failures. Forget everything except what you're going to do now and do it.”
William C. Durant, 1861–1947.
Founder of General Motors and Chevrolet.
A year ago today, General Motors, an icon of industry for nearly a century, filed for bankruptcy protection. The auto giant is now majority owned by the U.S. Treasury and, to a lesser extent, the Canadian and Ontario governments. The company, which paid back its outstanding government loans last April, is now planning an IPO later this year.
Bankruptcy is not failure. Giving up – that’s the real failure.