Business: November 2008 Archives

Mad Men

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Op-Ed Columnist - How to Fix a Flat - NYTimes.com:

"‘In return for any direct government aid,’ he wrote, ‘the board and the management [of G.M.] should go. Shareholders should lose their paltry remaining equity. And a government-appointed receiver — someone hard-nosed and nonpolitical — should have broad power to revamp G.M. with a viable business plan and return it to a private operation as soon as possible."

(Via NY Times.)

Amen. Been saying this for all government bailouts. Incompetence should not be rewarded and put in charge of fixing itself.

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This page is an archive of entries in the Business category from November 2008.

Business: October 2008 is the previous archive.

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