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Wednesday, June 3, 2009

GM Being Run by Inexperienced Dropout

GM is now being run by Brian Deese, a 31-year-old Yale drop-out.

He got his undergrad degree in Political Science from a small private school in Vermont, and has had no formal econonomics education. His only previous experience with the auto industry was sleeping in his car in a Pontiac plant parking lot.

He worked with several Democratic-financed think-tanks, and after the stint at Yale, went to Hilary Clinton's Presidential campaign as her economic advisor. When that folded, he went to the Obama campaign as deputy economic policy director, then with the transition team as an economic advisor. Then, despite having neither any economic or business education, nor any private-sector experience, he was the only full-time member of the auto task force between the election and mid-February.

He is now managing the government investment of $458,000 per day in GM. And that plant at which he slept in the parking lot? The entire brand is being closed under his management.

Reference for much of this, though I found it elsewhere citing this article.

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