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

To: Brumar89 who wrote (547315)2/1/2010 1:49:46 PM
From: Tenchusatsu1 Recommendation  Read Replies (1) | Respond to of 1576644
 
Brumar, just because the federal government ...

- Bailed out GM
- Gave significant ownership to the unions
- Replaced key executives
- Strongarmed executive compensation
- Controlled the bankruptcy process, and
- Aimed to dictate what types of cars they should build

... doesn't mean they are running GM. ;-)

Tenchusatsu



To: Brumar89 who wrote (547315)2/1/2010 2:31:54 PM
From: tejek  Read Replies (1) | Respond to of 1576644
 
GM is majority owned by the US Treasury Department.

Obama's auto task force hired Ed Whitacre to run GM for them:

Majority owned until they do their IPO. In the meantime, is Obama on GM's board? How about Geithner? How about Summers? Who exactly from the feds is on the BOD?


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