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The GM Board of Directors.

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The GM Board of Directors. Through years of its various permutations the GM Board of Directors has been the longest-running embarrassment masquerading as a functioning corporate governing body that corporate America has ever witnessed. Non-decisions compounded by bad decisions was its ongoing mantra for over 30 years and the newly configured board is shaping up to be no better. That Steven Rattner thinks the current board is finally acceptable should give anyone about to jump "all in" to the IPO pause. Just remember one thing: It won't be the ex-Wall Street glad-handers or the politically connected minions on the board who will save GM, it will be the True Believer product troops in the trenches who will get it done.

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