A lot of people think he [Alfred Sloan] was the founder of GM. In reality, he was the founder of modern business procedure and practices—cost accounting, divisional P&L’s. … He was not the founder of GM. The founder was another guy named Billy Durant. He was the only buggy manufacturer to see around the corner and say gee ‘if I put an engine on this thing maybe there’s a business here.’ Bob Dorf speaking at Hoboken Tech Meetup, January 17, 2010