Dear Congressman,
Just had to share a quote from GM CEO Edward Whitacre that was reported in the New York Times this morning. Seems General Motors is going to do an offering of stock for and wants the US Government to divest their 61% ownership of the company.
We want the government out, period,” Mr. Whitacre said in comments after speaking at an automotive conference in northern “We don’t want to be known as Government Motors."
Really.... is that so? Didn't hear this kind of rhetoric back in 2008 when GM went hat in hand to Uncle Sam for a $50 billion, did we?
Now Mr. Whitacre came to GM late in the game, as he has spent many years at AT&T before joining GM's Board and becoming interim CEO when Fritz Henderson was shown the door, but this comes across a little crass, don't you think?
Isn't this a bit like trash talking your dad after he paid to repair the car that you wrecked while driving drunk, and then greasing the local courts so you don't have to do any time in jail or community service?
One thing is for certain, they might be referred to as Government Motors or General Motors, but they sure aren't going to be call "Gracious Motors" any time soon...
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