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WASHINGTON - The Obama administration will play a key role in reshaping General Motors' board of directors over the next six months, potentially giving it even greater control in the management of the storied American manufacturer.
The president's auto task force plans to consult with the company as it replaces a majority of its board, a White House official said. The board today largely consists of the current and former chiefs of major U.S. corporations such as Coca-Cola, Ernst & Young, Pfizer and Eastman Kodak. It is not known which of the 12 board members will leave.
The president said Monday that "the United States government has no interest in running GM." But in practice it is already exerting tremendous influence over it, a situation that has triggered fierce debate over how much power the government should wield over the companies that it aids.
And here's a peak at its first production car, the B-ROC, designed by a thousand of the government’s best and brightest (995 lawyers and politicians and five engineers).
Quote:
...efficiently sized so as to be no bigger than needed to transport a driver, his or her life partner, one optional child, and three bags of groceries of average weight (i.e., not all canned food)
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,456,964 times
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Quote:
Originally Posted by JackTheRipper
WASHINGTON - The Obama administration will play a key role in reshaping General Motors' board of directors over the next six months, potentially giving it even greater control in the management of the storied American manufacturer.
The president's auto task force plans to consult with the company as it replaces a majority of its board, a White House official said. The board today largely consists of the current and former chiefs of major U.S. corporations such as Coca-Cola, Ernst & Young, Pfizer and Eastman Kodak. It is not known which of the 12 board members will leave.
The president said Monday that "the United States government has no interest in running GM." But in practice it is already exerting tremendous influence over it, a situation that has triggered fierce debate over how much power the government should wield over the companies that it aids.
Nobody's holding a gun to GM or Chrysler to accept government aid, and Ford certainly seems to be getting by without it. I for one am glad to see that Obama has much more demanding expectations re: any federal bailouts, than apparently the last Administration did.
And here's a peak at its first production car, the B-ROC, designed by a thousand of the government’s best and brightest (995 lawyers and politicians and five engineers).
TOO HILLARIOUS!!! What's even funnier is how Obama can get credit for the onstar system. Does he get royalty checks for that too???
^5 Ford motor company. I put my money where my mouth was and kept my shares tightly in my hand. I hope they make it, and I hope GM gets it's head out of it's own arse for restructuring, or die the death capitalism would deal.
The president's auto task force plans to consult with the company as it replaces a majority of its board, a White House official said. The board today largely consists of the current and former chiefs of major U.S. corporations such as Coca-Cola, Ernst & Young, Pfizer and Eastman Kodak. It is not known which of the 12 board members will leave.
Can someone please get it through Bobo's head that managing an auto manufacturing company isn't the freekin same as making soda? From what I understand no one on the "car committe" he put together has ANY automotive industry experience.
WASHINGTON - The Obama administration will play a key role in reshaping General Motors' board of directors over the next six months, potentially giving it even greater control in the management of the storied American manufacturer.
The president's auto task force plans to consult with the company as it replaces a majority of its board, a White House official said. The board today largely consists of the current and former chiefs of major U.S. corporations such as Coca-Cola, Ernst & Young, Pfizer and Eastman Kodak. It is not known which of the 12 board members will leave.
The president said Monday that "the United States government has no interest in running GM." But in practice it is already exerting tremendous influence over it, a situation that has triggered fierce debate over how much power the government should wield over the companies that it aids.
Problem is that the crooks and the cops seem to be the same people.
Just look at the emount of tax cheats Obama has appointed.....
Go ahead and prosecute. It will cull the herd of undesirable politicians for the next cycle, won't it???
The law is the law is the law.
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