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Old 08-09-2010, 11:24 AM   #108
Berean


 
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Join Date: Apr 2010
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Posts: 2,439
Quote:
Originally Posted by 1bad65 View Post
Thank you. But even well put like this he just keeps going on and on and on like a broken Energizer Bunny.

Lets try it another way. The CEO runs the company. The CEO is Appointed by the Board of Directors. The entire Board of Directors was appointed by the Government. So in short, the power structure at GM looks like this: CEO<Board<Government

So the Government is running/controlling GM. Get it now?
He's not going to get it, because he doesn't want to.

Even if his argument was as simple as - I know the Obama administration appointed the board of directors, but I believe they are all acting independently and Obama has zero oversight or influence on the directors, - The argument still has zero credibility in light of the fact that Obama forced GM to keep their headquarters in Detroit for political reasons, rather than in the best interest of the business.

Obama may not be writing marching orders and handing them to the directors, but make no mistake, everyone on the board is politically aligned with the Obama administration, and will shape the company as he wants it shaped, rather than deciding what's best for GM as a first priority.
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