![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
Auto Bailout Could Have Strings Attached: Ousting CEOs, Appointing Car Czar
Contrarian Profits (December 9th, 2008) Writes:
As the Senate meets today (Monday) to discuss what to do with the eviscerated U.S. auto industry, some strong words from one of the Senate’s most powerful member suggested a much-debated bailout could come with some strings attached for top executives.
“It is not my job to hire and fire, but what I’m trying to suggest is that you need to have new teams in place,” Sen. Christopher Dodd (D-Conn.), chairman of the Senate Banking Committee, said today on “Good Morning America”. “If you are going to restructure a company you can’t be asking the people frankly, many who were involved in creating the problems we’re in, to be involved in restructuring.”
That’s just one of several possible strings attached to a bailout to the Big Three - General Motors Corp. (GM), Ford Motor Co. (F), and Chrysler Corp. The first
...Alan Mulally;, Associated Press, battery-powered retail sedan;, Big Three - General Motors Corp.;, car czar;, Cerberus Capital Management LP, Christopher Dodd, Chrysler Corp., Connecticut, constructive solution;, contrarian profits, Daimler AG, Dana Perino, Detroit, Ed Garsten;, Environmental Protection Agency, Firebird;, Ford Motor Co, General Motors, GTO;, Market Commentary, private equity group;, Reuters, Robert "Bob" Nardelli;, Senate, senate banking committee, Steve Harris;, the New York Times, United States, USD, Wagoner;, Washington, White House
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.