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

This book is available for download with iBooks on your Mac or iOS device, and with iTunes on your computer. Books can be read with iBooks on your Mac or iOS device.


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.

Publishers Weekly Review

Nov 08, 2010 – "A team of professionals who come together to do a job, execute it seamlessly, and then just as quickly go their separate ways" is Rattner's characterization of the people who oversaw the rescue of GM and Chrysler. He also says they're akin to "soldiers in wartime," and defends both descriptions. Rattner emphasizes how this team (which involved the Treasury, White House, and Detroit) saw their work as a public service, though staggeringly complex and potentially devastating to the economy. Beginning with the Bush Administration's decision to help the industry, and ending with the automakers emerging from forced bankruptcy, former New York Times journalist Rattner adeptly conveys the depth of the challenge, the hazards and pitfalls they faced, and their ultimate success. He keeps the narrative essentially factual, with few forays into the personalities around him; he eschews gossip and is admirably fair to all involved. Most surprising is his lively tone, clear narrative, and the skill with which he skirts minutia. Rattner believes in doing a good job and admires those who share this quality; his effort is a testament to people who do their best when called upon. Photos.
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  • $10.99
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Industries & Professions
  • Published: Sep 13, 2010
  • Publisher: Houghton Mifflin Harcourt
  • Seller: Houghton Mifflin Harcourt Publishing Company
  • Print Length: 352 Pages
  • Language: English
  • Requirements: To view this book, you must have an iOS device with iBooks 1.3.1 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

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