Quote:
Originally Posted by fielderLS3
Can anyone give a single specific example of an American government owned entity that proved successful in the long run?
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Well...the country is....but a company? No.
Quote:
Originally Posted by fielderLS3
As for the government is not running the operations arguments, I'm not sure I understand what you mean? Are you suggesting that the government is not interfering with/installing members of the board and key management personnel by executive fiat? The government may not be running the companies directly, but their puppets are.
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I'm talking about GM. And I'm saying unequivocally, the treasury, despite owning the majority stake in the company, has no interest in and has displayed no actions of direct control of the company. Standards, and regulations aside, the government is
not interfering with General Motors. In fact....I distinctly remember an article reading that when the "auto task force" went to GM to basically get a feel for the company...and their favorite car they test drove on the proving grounds was the CTS-V. (And they drove a Volt prototype, iirc)
You might remember Bob Lutz went on record saying that he was *this* close to resigning when he discovered the gov't would have members on the board. He quickly realized they were only interested in making sure the company was profitable and financially healthy...at this point, he decided to stay on for a while longer. Until finally deciding (again) to retire and take a well-earned break.