Quote:
Originally Posted by a_Username
All of what you posted happened during the bankruptcy phase. The Government isn't interfering in the new GM business direction.
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That just doesn't make sense. The new GM direction was set by hiring the board.
Let's take the clearest example, the Supreme Court. The current administration looks very carefully for people who see the law as the administration sees it. No, the president can't go in and tell the Supreme Court how to do things, but judicial nomination is considered to be maybe THE most important tool available to Presidents to influence future law.
Now in the GM set up- they chose half the board and approved the other half. The board members were interviewed and vetted. The Government doesn't have to interfere daily, because they chose people who would follow 'the plan'--whatever 'the plan' is. You likely wouldn't see the Treasury exercise the power they have as majority stockholder until the board veered off the current business plan.
The same board members will likely remain for some time after the IPO, so whatever business plan was approved in bankruptcy will be GM's direction for probably the next decade or longer.