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A uniquely informed investigative account of one of the biggest financial crises of President Obamaa€™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 mismanagementa€”a scenario rich in hard-earned lessons for managers and executives in any industry.Tier-one suppliers provide products that can go right into a vehicle, like a wiring harness or a set of disk brakes. ... Happily, the News had given me credit for owning a Lincoln Town Car, which I had replaced with a Lexus a year or so earlier.

Author: Steven Rattner
Publisher:Houghton Mifflin Harcourt - 2010-09-13

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