Holley’s Post

WHEN MERVYN KING TOOK US BACK TO THE 1919 DODGE v FORD JUDGMENT Mervyn King at the book launch of his authorised biography by David Williams took us back to why it is important in the corporate ecosystem to serve every role player. The Dodge v Ford case in 1919 (an American case) upheld the primacy of shareholders. The court held that a business carries on primarily for the benefit of shareholders. The primary purpose cannot benefit others besides the shareholders. This was after Ford wanted to increase employee salaries, help the community and upgrade the manufacturing plant. In the modern era the primacy of the shareholder still exists in some jurisdictions but in South Africa due to interventions from the King Code and the Companies Act one needs to consider the environment, employees and ethical considerations when running a company. Sustainability disclosure and assurance will take center stage globally for the foreseeable future and will continue to make companies rethink how they operate within the entire ecosystem.

Had a blast last Friday with the team at Hendrick Lexus Charlotte! Spent the day meeting with the team for 1 on 1 financial planning sessions where they got to sit down in private and get answers to their biggest money questions! 1-1 advice comes to you and your team when you don’t have time to go on your day off. This is what top dealership groups and forward thinking leaders are doing for their people. Get the answers you need. Increase Retention. Relieve Stress. #1 #Hendrick #Lexus #empowerpeople

A father said to his son, "You graduated with honors. Here is a Volkswagen Beetle that I bought many years ago... It is over 50 years old, but before I give it to you, take it to a dealership downtown and ask how much they are offering you." The son went to the dealership, came back to his father and said, "They offered me $10,000 because it looks very used." The father said, "Take it to a pawn shop." The son went to the pawn shop, came back and said, "They only offered me $1,000 because they say it is too old." Finally, the father asked his son to take the car to a classic car club and show it there. The son took the car to the club, came back and said, "Some people at the club offered me $100,000! because it is a very rare car and sought after among the members." The father said to his son, "I wanted you to understand that the right place appreciates you in the right way. If they don't value you, don't be angry, it just means you're in the wrong place. Those who know your value are the ones who truly appreciate you. Never stay in a place where they don't recognize your value!" In this classic story of a father and son, we learn an important lesson about self-worth. The father guides his son through a series of experiences where different people offer wildly different values for the same car. It’s not until the son presents the car to the right audience—a classic car club—that its true value is appreciated. This teaches us that the environment we choose to surround ourselves with plays a huge role in how our talents and worth are perceived. Relating this to our jobs as employees: In the workplace, just like the car in different contexts, our value might not be recognized or appreciated if we are not in the right setting. Some organizations or managers may overlook our capabilities, while others will see our true potential and give us opportunities to grow and thrive. As employees, it’s important to seek out environments that appreciate our unique skills and allow us to flourish. If we find ourselves in a place where our contributions aren’t valued, it might simply mean we’re in the wrong place—not that we lack value!

We Speak Automotive because we were Born in a Dealership®. Our story started in a small town with just 800 people. It was there, at Preston Ford, that our Founder, Dave Wilson, began his over 30-year journey in the automotive industry. Dave’s hands-on experience has been instrumental in shaping our company’s DNA. We didn’t just learn about the automotive industry; we lived it. This deep-rooted passion drives our mission to empower #dealerships like yours to thrive. We’ve transformed challenges into solutions, turning small-town insights into industry-leading strategies. Our goal? To help you not only succeed but also make a positive impact on your community. We’ve been in your shoes, and we understand the unique pressures and opportunities in the automotive world. That's why we’re here to partner with you and drive results. #WeSpeakAutomotive #AutomotiveMarketing #DealershipSuccess

USA ■ Tom Maoli, president and CEO of Celebrity Motor Car, on why the upcoming election could make or break the auto industry! As the presidential election approaches, the automotive industry braces for potential policy shifts that could redefine the future of dealerships and manufacturers. On today’s episode of Inside Automotive, Jim Fitzpatrick sits down with Tom Maoli, president and CEO of Celebrity Motor Car, who shares his insight on the election’s potential impact on the auto sector. With close ties to President Trump, Maoli discusses the stakes for the industry and the critical decisions that lie ahead for voters. https://lnkd.in/dk3xjGfP #Automotive #MotorIndustry

Six months after releasing our 2024 Automotive Trends Report, we look at which of our legal trends continue driving the industry forward... and which ones might be in the rearview mirror. Today, Howard Iwrey and Cody Rockey delve into the key antitrust trends driving the automotive landscape. #AntitrustLaw #AutoIndustry #AutoLaw #RightToRepair

Findings and forecasts from the new AlixPartners Global Automotive Outlook -- including the rise of Chinese automakers -- discussed by our Mark Wakefield on WJR 760 AM ("the great voice of the Great Lakes") with host (and an auto-industry expert himself) Guy Gordon. Definitely worth a listen. #automotive #electricvehicles #China

China to become the world’s largest automotive exporter, changes in EV strategy for Hyundai, Ford, and Hertz, and more in Foley's weekly Automotive Update. #EV #M\manufacturing #automotive #supplychain

China to become the world’s largest automotive exporter, changes in EV strategy for Hyundai, Ford, and Hertz, and more in Foley's weekly Automotive Update. #EV #M\manufacturing #automotive #supplychain

China to become the world’s largest automotive exporter, changes in EV strategy for Hyundai, Ford, and Hertz, and more in Foley's weekly Automotive Update. #EV #M\manufacturing #automotive #supplychain