BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program
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IIRC the CEO of GM was fired at government, or should I say Obama's, insistence.
If the government had not gotten involved, GM would have gone bankrupt. The CEO would have not been spared in that instance.
In any event, the CEO of TARP will never be fired.
You can be sure of two things:
1. GM will continue to be mismanaged.
2. No government official will ever make such a proclamation again.
Who is the CEO of TARP? Liz Warren?
My observation was intended to enhance the irony: government fires private sector CEOs it doesnt like, while retaining its own total losers.
I really enjoy Rattner's tale here of how he had to get rid of GM's CEO Rick Wagoner because of how shockingly incompetent he discovered GM's top management to be, through and through.
Driving Rattner to so bravely take the unprecedented step of inciting no less than a cultural revolution with GM's management by replacing Wagoner with Wagoner's own #2 man, Fritz Henderson (!)... following Wagoner's recommendation.
Has such radical heroism in industrial policy ever been seen before?