Tag Archives: Chrysler

The Troubling Case of Chrysler’s Creditors

May 8, 2009 – 3:41 pm

Maybe Veridian Dynamics was right after all. Last week President Obama verbally spanked Chrysler creditors who didn’t want to take the government’s offer of 29 cents for each dollar of debt they held. “Speculators,” the president called them, insisting that they were holding out for “an unjustified taxpayer-funded bailout.” Despite the presidential tongue-lashing, the creditors initially […]

By Ed Walsh (WHWG) | Posted in Corporate, Presidency | Also tagged | Comments (0)

Bullying Business

May 1, 2009 – 1:17 pm

Yesterday’s auto announcement from the White House highlights why it’s imperative that private-sector companies doing business with government-backed enterprises employ a well-calibrated public message strategy.  In announcing that Chrysler would enter Chapter 11 bankruptcy protection, President Obama praised various stakeholders – unions, management, creditors, etc. – for making “sacrifices” to keep the company out of court. […]

By Ed Walsh (WHWG) | Posted in Corporate, Presidency | Also tagged | Comments (2)

Obama at the Wheel

March 30, 2009 – 11:30 am

President Obama delivered solid remarks on the auto industry this morning, informing us that neither GM’s nor Chrysler’s government-mandated restructuring plan “goes far enough to warrant the substantial new [taxpayer] investments that these companies are requesting” and laying the groundwork for a gut-wrenching period of concessions ahead. I thought he was particularly effective on a couple of […]

By Ed Walsh (WHWG) | Posted in Corporate, Presidency | Also tagged , | Comments (0)