The writer suggested I begin: "it was once the most powerful company in the world…"
GM was indeed the most "profitable," or "biggest"--that I get. But powerful? Why do people think about business that way? GM has/had no armies with which it can invade other companies. It had no power for force anyone to work there. It couldn’t force anyone to buy GM cars.
Your average two-bit government bureaucrat has more "power." He can send people with guns to take your money (tax collection). He can lock you up, seize your property, tell you what you cannot do on your property, summon you to court, and so on. Government has the monopoly on power.