Washington has cast aside a remarkable executive who already has presided successfully over many of the most difficult elements of the rescue of GM in a way that is rare in the history of business.
Read Whole Story
In an exclusive interview with ABC News anchor Charles Gibson, Treasury Secretary Timothy Geithner said the administration holds bailout beneficiaries...
I write this letter to you in memory of the hundreds of thousands of workers over the past 25+ years who have been tossed into the trash heap by General Motors. Many saw their lives ruined for good.
The worst thing we can do is invest billions in these troubled businesses but be stingy when it comes to paying the skilled individuals who are badly needed to turn the organizations around.
It was a different kind of auto show this year in Detroit. Gone were the celebrity presenters, the pyrotechnics, the herd of cattle escorting new pickups to the media pool. Those days are over.
On their last visit, the auto execs asked Congress for $25 billion in bailout loans. A nice round number. So nice and round that it sounded like it had been plucked from thin air.
Updated 10am EST Friday, December 5:
The Big Three are back on Capitol Hill today. This time their talking to Congress about getting a multi-billion...
What was completely predictable, if thoroughly heavy-handed, was the way the visual media shaped "The Return Of The Auto Executives" into a classic morality play.
How these three CEO's have acted is a classic teachable moment. They've practically written the curriculum for the class on how to alienate the American public by their actions.
Frankly, I'm tired of all these big businesses putting their hands out and trying to scare us into giving them money by threatening us with an economic disaster.
Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements. Learn more.