Quote:
Originally Posted by DGthe3
Here is the board: http://www.gm.com/corporate/about/board.jsp
From what I see, there are a couple academics, and some from other companies. I don't see Obama's name on there or anyone who were pulled from the Treasury department or any other part of any government. So I don't see any valid argument for GM being run by the government. |
You're kidding right? The Treasury Dept appointed 10 members of the board. For those who may be unaware, the Treasury Dept is part of the Federal Government, and the Secretary of the Treasury is a cabinet member of the Obama administration.
You might want to check this out:
http://www.nytimes.com/2009/07/24/business/24auto.html
Some excerpts:
"The Treasury has appointed a total of 10 members to the new G.M. board."
"The Obama administration wanted nearly a clean slate of directors to ensure that the company would move away from practices that led to its downfall and last month’s bankruptcy filing."
The Obama administration wanted....... Really? That sounds kind of like they control it.