Treasury TARP chief: govt won't micromanage firms

Newswire

WASHINGTON, Sept 24 (Reuters) - The head of the U.S. Treasury's $700 billion bailout fund said on Thursday he intends to remain a largely passive shareholder in companies that it has bailed out, voting only on board and management issues. "We believe it's not the job of the federal government to be micromanaging companies. If the government were to interfere too much, we might reduce the value of these companies," Herb Allison, assistant Treasury secretary for financial stability, told the ...

Premium Content (PAID Subscription Required)

"Treasury TARP chief: govt won't micromanage firms" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×