Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry

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A uniquely informed investigative account of one of the biggest financial crises of President Obama’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 mismanagement—a scenario rich in hard-earned lessons for managers and executives in any industry.

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About the author

As counselor to the secretary of the treasury, Steven Rattner led the administration’s efforts to restructure the auto industry. Prior to that, he was managing principal of Quadrangle Group, LLC. At Lazard Frères & Co. he was deputy chairman/deputy chief executive officer, after tenures at Morgan Stanley and Lehman Brothers. He was also employed by the New York Times for nearly nine years, principally as an economic correspondent. He continues to write for the New York Times, the Wall Street Journal, the Washington Post, and the Financial Times. He lives in New York.

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Additional Information

Publisher
Houghton Mifflin Harcourt
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Published on
Sep 13, 2010
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Pages
352
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ISBN
9780547504568
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Language
English
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Genres
Business & Economics / Economic Conditions
Business & Economics / Industries / Automobile Industry
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Content protection
This content is DRM protected.
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Read aloud
Available on Android devices
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Eligible for Family Library

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