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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (547306)	2/1/2010 1:24:20 PM
From: Brumar89	1 Recommendation Read Replies (2) \| Respond to of 1576240

GM is majority owned by the US Treasury Department. Obama's auto task force hired Ed Whitacre to run GM for them: Whitacre Vows to ‘Learn About Cars’ as GM Chairman ...... The U.S. Treasury, which is backing GM’s restructuring with about $65 billion, reached out “some weeks ago,” Whitacre said, enticing him out of retirement to help oversee a company that has lost almost $88 billion since 2004. Talking With Rattner “Lots of conversations” followed with Steven Rattner, the Wall Street dealmaker running President Barack Obama’s car task force, said Whitacre, adding that Treasury’s message was: “We need your help. It’s a great company. You could be a lot of assistance to GM.” .... bloomberg.com Whitacre can't even decide what to pay his execs: ..... GM Chairman Edward Whitacre recently urged the Obama administration to give the Detroit automaker less restrictive pay caps, saying that it is getting difficult for the company to hire new employees. .... egmcartech.com