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Stay Involved
In general, government should not interfere with the day-to-day operations of General Motors or any public corporation. However, the government--in other words, we the taxpayers--now own 60 percent of the company.
We must play an important role in choosing top GM's top leadership and stay involved in matters like oversight, transparency and emissions. Most importantly, we must ensure that GM is using our investment to make cars people want to buy.
It's incredible that the visible hand of government, even if it is somewhat clumsy, could screw up things as badly as GM's management has for the past 25 to 30 years.
Now that taxpayers have more skin in the game, we may buy more GM cars if they improve to be equal or better than GM's main competitors, like Toyota.
By
Warren Bennis
|
June 2, 2009; 10:19 AM ET
Category:
Economic crisis
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Posted by: trumpit | June 2, 2009 9:55 PM
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You have got to be kidding if you think for one minute that 'we' will play any role in choosing any leadership at GM. Those 'appointments' were handed out long before the checks were cut to big financial backers of the current administration. You are correct that we have "skin in the game". We also have a lot of hard earned tax dollars, 401K losses and pension cuts to represent that 'skin', but 'we' will play no roll other than to keep financing the desires of Nancy Pelosi and crew for the next 4 years.