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Old 04-27-2009, 02:35 PM   #11
Mike Wevrick
RIP 1/19/64 - 7/23/11
Scooby Guru
Member#: 24654
Join Date: Sep 2002
Chapter/Region: NESIC
1957 Taggart Comet


Proton is not a success; its more of protectionism scheme and pet project for some well connected guy (can't remember his name)

The Treasury would own more than half of G.M. on its own and therefore have control over the election of its board and other matters requiring the approval of shareholders.
Basically this means the Treasury would be running GM. Owning a percentage of shares is one thing, actually running company is something else.
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