The CEOs of the Detroit Three have successfully navigated the roads between Michigan and Washington, D.C., in their hybrid vehicles, and arrived at the hearing room in the Dirksen Senate Office Building. UAW chief Ron Gettelfinger is there too, but I’m assuming he was sensible enough to fly Northwest. It’s their second try at pleading [...]
That’s Rick Wagoner, chairman of G.M., being driven to Washington D.C. for today’s Congressional testimony. Mapquest tells me Detroit to D.C. is nine hours. Fantastic use of a CEO’s time. Not like he has anything else to be doing. So glad we guilted him into this. Bill Saporito has more to say on the topic. [...]
My latest column is online and in the issue of TIME with something about Detroit on the cover that won’t be on newsstands until tomorrow. It begins: Teresa Ghilarducci has always had more interesting — and controversial — things to say than your average retirement-policy wonk. An economist who moved this year from the University [...]
In Thursday’s FT, John Gapper does a very nice job of threading the needle on The Great Bob Rubin Question: Mr Rubin needs to find a way to make up for his part in Citi’s downfall. My suggestion is that, in addition to giving up his bonus for this year and last, he returns, or [...]
