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Overhaul

An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry
By:Steven Rattner
Publisher:Open Road Integrated Media, Inc.
Print ISBN:9780547577425
eText ISBN:9780547504568
Edition:0
Copyright:2010
Format:Reflowable

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A uniquely informed investigative account of one of the biggest financial crises of President Obama's early administration During his first year in office, President Obama faced the possibility of more than a million lost jobs as GM and Chrysler headed for financial ruin. He joined forces with Treasury Secretary Tim Geithner and economic advisor Larry Summers in a historic government intervention to keep these two auto-industry giants afloat, working against a ticking clock and fielding vocal opposition from free market champions along the way. It's from this vantage point that former New York Times financial journalist Steven Rattner witnesses a new administration's grace under pressure in the face of gross corporate mismanagement—a scenario rich in hard-earned lessons for managers and executives in any industry.

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