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It is not every 31-year-old who, in a first government job, finds himself dismantling General Motors and rewriting the rules of American capitalism. But that, in short, is the job description for Brian Deese, a not-quite graduate of Yale Law School who had never set foot in an automotive assembly plant until he took on his nearly unseen role in remaking the American automotive industry.Nor, for that matter, had he given much thought to what ailed an industry that had been in decline ever since he was born. A bit laconic and looking every bit the just-out-of-graduate-school student adjusting to life in the West Wing — “he’s got this beard that appears and disappears,” says Steven Rattner, one of the leaders of President Obama’s automotive task force — Mr. Deese was thrown into the auto industry’s maelstrom as soon the election-night parties ended.
Mr. Deese’s role is unusual for someone who is neither a formally trained economist nor a business school graduate, and who never spent much time flipping through the endless studies about the future of the American and Japanese auto industries.
a not-quite graduate of Yale Law School
The question now is whether we're going to let John Q Public just waltz in here and buy our company.
Board Member 4: What are you suggesting Sidney? Certainly we can't afford to buy an controlling interest.
Sidney J. Mussburger: Not while the stock is this strong. How soon before Hud's paper hits the market?
Board Member 8: January 1st.
Board Member 2: 30 days.
Board Member 4: 4 weeks.
Board Member 5: A month at the most!
Sidney J. Mussburger: One month; to make the blue chip investment of the century look like a round trip ticket on the titanic.
Board Member 7: We play up the fact that Hud is dead.
All: Long live Hud!
Board Member 4: We depress the stock,
Board Member 5: To the point where we can buy 50%,
Board Member 6: 51,
Board Member 7: Not counting the mezzanine.
Sidney J. Mussburger: It could work.
Board Member 3: It should work.
Board Member 4: It would work.
Sidney J. Mussburger: It's working already. Waring Hudsucker is abstract art on Madison Avenue. What we need now is a new president who will inspire panic in the stockholder.
Board Member 6: A puppet.
Board Member 5: A proxy.
Board Member 2: A pawn.
Sidney J. Mussburger: Sure, sure. Some jerk we can really push around.
Originally posted by pynner
Yeah, that's right.. I forgot it was young white guys all along that made things the way they are.. for much too long, young guys every where have been at the top of all the banks and corporations.... or senate... or judges..
oops.. nope.. it was the rich old white guys.
as for being under qualified.... yeah, that's makes a huge difference these days.. because only qualified people make the best choices.
the guy "running" things in this case is just a puppet anyways.
Originally posted by daddyroo45
When in our history has government involvment in private enterprise,ever made the situation better?
Originally posted by BlueShaman
Education and experience isn't crucial for such a position, you just have to be good at obeying orders.