Comments on: Going to Far? http://joscafe.com/2009/03/31/going-to-far Live, Laugh, Love Sun, 22 Jan 2012 21:57:09 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Jo http://joscafe.com/2009/03/31/going-to-far/comment-page-1#comment-247213 Jo Tue, 31 Mar 2009 22:18:46 +0000 http://joscafe.com/?p=3804#comment-247213 Chris, I agree - I think the fear is that this won't stop at government bailed out companies. But GM asked, so now the reaper is calling in the bill. Chris, I agree – I think the fear is that this won’t stop at government bailed out companies. But GM asked, so now the reaper is calling in the bill.

]]> By: Chris http://joscafe.com/2009/03/31/going-to-far/comment-page-1#comment-247212 Chris Tue, 31 Mar 2009 15:17:52 +0000 http://joscafe.com/?p=3804#comment-247212 The only problem is.. GM gave up its right to non government interference when they went hat in hand for money to survive. As soon as they did that they gave control to the US Government.. now I would be just as irrate if they tried it with a company that did not go begging for their survival to the government.. GM stopped being private when they asked for the government to invest in them. That effectively gave the government control as a major investor to ask for the removal of the CEO which is somewhat normal in any company. Get 51% and you can control somewhat who has what positions within a company. The only problem is.. GM gave up its right to non government interference when they went hat in hand for money to survive. As soon as they did that they gave control to the US Government.. now I would be just as irrate if they tried it with a company that did not go begging for their survival to the government..

GM stopped being private when they asked for the government to invest in them. That effectively gave the government control as a major investor to ask for the removal of the CEO which is somewhat normal in any company. Get 51% and you can control somewhat who has what positions within a company.

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