Steven Rattner: Why we had to get rid of GM's CEO

[Smittie61984]

Originally Posted by Kaneman

Bad things happen when you sell your soul to the devil, even if its for survival. GM should've been allowed to go crashing into oblivion where it belongs.

I agree that GM should have gone down a long time ago. But what MBA Harvard educated businessman/woman is going to want to work for major corporation with shitloads of jobs dependent on him when some government bureaucrat can come in and fire you or slash your pay whenever they want? You might get the retarded kid off the fryolater if he happens to be drunk that day.

As shitty/awesome as that guy was it should have been up tot he people in the company wether he should stay or not. Not up to some governmetn hack who probably threatens to have the government come down on them because they LOANED them money which means they'll get it back (in theory) with interest.

[zer0t]

Smittie is right. No real talent will want to go to a firm that the gov can interfere with.