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Paul H. O'Neill Sr.
Political/Corporate leader

Paul H. O'Neill Sr.

Paul H. O’Neill served as the 72nd Secretary of the U.S. Treasury from 2001 to 2002, as well as chairman and CEO of Alcoa, Inc.

Don't Ask Congress

If the plans are really workable, the private sector will finance them.

Real leaders would have brought in the heads of major financial institutions to attest to the feasibility and to announce that they no longer needed money from the taxpayers. It would have been a sweet moment to take away the grandstanding opportunity from the members of Congress.

Here is a lesson in leadership: If you have a real business proposition, you don't need (or want) help from the Congress.

By Paul H. O'Neill Sr.

 |  December 8, 2008; 4:08 PM ET
Category:  Economic crisis Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
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"If the plans are really workable, the private sector will finance them."

The private sector (Ceberus Capital) didn't bat an eye at purchasing Chrysler. Perhaps John Snow should be brought in to bring Chrysler back to life, albeit with the deep pockets of Ceberus.

Was the Chrysler plan workable when Ceberus decided to take ownership?

Posted by: Hootathought | December 12, 2008 3:06 PM
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My only question is heads of which major financial institutions? It seems the recent wisdom of the financial industry is not without question.

Posted by: David | December 10, 2008 2:59 PM
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Finally a voice of reason. If only O'Neill was put in charge of this mess!

Posted by: Tom Grand | December 9, 2008 9:24 AM
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