In May 1923, as Alfred Sloan became president of General Motors, the company finally was recovering from a series of upheavals that had challenged its very existence. Less than three years earlier, the market had dried up almost overnight, causing inventories and debt to soar out of control and pushing the company close to bankruptcy. Walter P. Chrysler, GM's manufacturing genius and Sloan's closest associate, had resigned in March 1920 because he couldn't put up with President Billy Durant. And by December of that year Durant had been ousted because of his reckless speculation in GM stock.
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机译：1923年5月，当阿尔弗雷德·史隆（Alfred Sloan）担任通用汽车公司总裁时，该公司终于从一系列挑战其生存的动荡中恢复过来。不到三年前，市场几乎在一夜之间枯竭，导致库存和债务飙升而失控，使该公司濒临破产。通用汽车的制造业天才，斯隆最亲密的同事沃尔特·克莱斯勒（Walter P. Chrysler）于1920年3月辞职，因为他无法忍受比利·杜兰特（Billy Durant）总统。到那年12月，杜兰特（Durant）因对通用汽车股票的鲁ck投机而被罢免。
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