Jump to content
Sign in to follow this  

Low wages, little glory: Government's Auto Task Force is hiring, looking for Wall Street experience

Recommended Posts

Curious what it takes to be a member of the recently-created Auto Task Force? Thanks to an email sent out by Harry J. Wilson, a newly-hired Task Force worker, there's no need to wonder. Some knowledge of the auto industry would reportedly be helpful, though prospective applicants and their family members cannot currently own any stock in the Detroit automakers or serve on any of the D-3's boards of directors. Would-be applicants would also need to be "sufficiently intellectually and professionally nimble," whatever that means, and have 8-12 years of experience on Wall Street.

Why would Wall Street experience be helpful? It's no secret that the government is hoping that GM and Chrysler can renegotiate and reduce their massive piles of debt, and employees familiar with how complicated financial markets operate might be adept at dealing with creditors. Of course, there's also the matter of learning the intricacies of the automotive market, but it seems those skills may be less important in the short term.


Share this post

Link to post
Share on other sites

So...they want the same people experienced with screwing up the economy charged with helping oversea the auto industry?

This has EPIC FAIL written all over it.

Share this post

Link to post
Share on other sites

Given that one of the biggest issues at GM is their bondholder situation, Wall St experience is certainly necessary.

Share this post

Link to post
Share on other sites

Your content will need to be approved by a moderator

You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets