The Washington Post on the resignation of Henderson from the CEO position at GM:
GM said the Obama administration, which appointed several members to the automaker’s board, did not play a role in the decision and was only informed after it was official. The government owns 61 percent of the automaker after it invested $50 billion in its rescue.
It must be tough being part of the Washington press corps. Somebody says something like this and you have to write it down and report it. It isn’t plausible that the Obama administration which has an immense amount riding on the auto industry would have no input into this decision. But you have to treat it with a straight face and report it that way. I wonder if we’ll find out what really happened.
