Public policy, corporate roles could blur

WASHINGTON – As majority stakeholder in General Motors, the government is straddling two responsibilities that could be awkwardly at odds: corporate ownership and public policy making.

WASHINGTON – As majority stakeholder in General Motors, the government is straddling two responsibilities that could be awkwardly at odds: corporate ownership and public policy making.

With a $50 billion investment in the once dominant automaker, the administration’s objective is to return the company to profitability and recoup as much of the bailout as possible.

But President Barack Obama also has a broad policy agenda that includes creating jobs and a greener economy, goals that may conflict with the corporate bottom line.

What if scaling back production of a fuel-efficient car at a time of low gas prices would save GM money? What if it were cheaper to close a plant and send certain manufacturing jobs overseas?

______

To read the rest of this article, subscribe to our digital or paper edition. For previous editions, contact us for details.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

About Post Author

Comments

From the Web

Skip to content