TITLE

Crunch time

PUB. DATE
April 2009
SOURCE
Crain's Cleveland Business;4/13/2009, Vol. 30 Issue 15, p10
SOURCE TYPE
Periodical
DOC. TYPE
Opinion
ABSTRACT
The article presents the author's comments on the bailout package to General Motors Corp. (GM) and Chrysler LLC. The author says it was unprecedented when the administration of U.S. President Barack Obama asked GM chief executive officer (CEO) Rick Wagoner to step aside as part of the GM bailout. The author says U.S. government is now the lender of last resort for the two automakers and so automotive task force grabbed the oversight role usually reserved for a company's board of directors.
ACCESSION #
38034987

 

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