Hands Off? Not Likely

To pretend that a 60% owner of the business will be totally "hands off" is not credible. The government will be involved in key decisions impacting GM.

My suggestion is that the government be honest with both GM and the public on their planned for level of involvement. For example, it is ridiculous to say that the government has "clear goals for the auto industry," yet imagine these "clear goals" will not impact the management of GM.

My hope is that the government will recruit a third party to help minimize any unfair competitive advantage they may want to provide for GM.

By Marshall Goldsmith

 |  June 1, 2009; 10:53 AM ET
Category:  Economic crisis
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