Markets

Alan Mulally: Corporate Welfare King

How long has Ford known it was eventually going to ask the government to bail it out? Over two years ago, when Alan Mulally was tapped by Ford to run the company, Tim Carney pointed out that one of  Mullaly’s greatest accomplishments at Boeing was squeezing a great deal of […]
Alan Mulally: Corporate Welfare King
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It’s Every CEO For Himself At Detroit Begathon, Part 2

As Rick Wagoner, Robert Nardelli, and Alan Mulally head back to Capitol Hill (via carpool?) for the second round of their big Begathon, each of them plans to present different reasons why they each need a bailout. But basically they all need it to keep from filing for bankruptcy, especially […]
It’s Every CEO For Himself At Detroit Begathon, Part 2
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Auto Industry Heads Flew Private Jets To D.C. Bailout Begathon

The U.S.’s three major carmakers may be so close to filing for bankruptcy that their leaders have to beg Congress for a bailout (Pleeease! Just $25 billion…), but they don’t seem to have any qualms about flying their Gulfstream jets to Washington, as opposed to flying commercial like real poor […]
Auto Industry Heads Flew Private Jets To D.C. Bailout Begathon