The government forces out GM's CEO. Why not stay out of the way completely? Why get involved in determining the company's CEO?
The administration's auto team announced the departure of Mr. Wagoner on Sunday. In a summary of its findings, the task force added that it doesn't believe Chrysler is viable as a stand-alone company, and suggested that the best chance for success for both GM and Chrysler "may well require utilizing the bankruptcy code in a quick and surgical way."
The move also indicates that the Treasury Department intends to wade more deeply than most observers expected into the affairs of the country's largest and oldest car company. . . . .
And the government is competent in judging these things?
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Oleh
abudzar
