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The Growth Challenge at GM Asset Management

Traders Magazine, July 2005

Michael Scotti

A long-time specialty painter at the General Motors plant in Linden, N.J., learned a while back that machines can't do everything. They make mistakes, too. This 30-plus-year veteran, now in retraining classes at the factory idled since May, is terse in describing his job: "I had to fix what the robots messed up." He also handled the more intricate painting that the machines couldn't do. Once the union contact runs out in September, 2007, this member of the United Auto Workers will be retired and find that his past and future are oddly tied to the trading desk at General Motors Asset Management (GMAM), less than 20 miles away in New York City.

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