Government Meddling Only Leads to a Smaller and Less Robust

Uncle Sam as GM’S CEO: Not a Good Thing

By News on the Net —— Bio and Archives--April 5, 2009

Lifestyles | Comments | Back To Full Article

- David Magee When the U.S. government forced General Motors Chairman-CEO Rick Wagoner from his job last week, headlines read that company president Fritz Henderson was taking charge. But in reality, Mr. Henderson only assumed a new title. Uncle Sam took charge of the automaker. And now the business world is watching to see what the collateral impact of such a non-capitalistic arrangement will be.

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