Archives for February 2014

Once more… with progress!

To hear any General Motors exec since bankruptcy explain it, the post-bailout politicization of “Government  Motors” was the worst thing to happen to the firm since the Pontiac Aztek. After all, the post-rescue  partisan point-scoring was more than just bad PR: it threatened to undercut support with the conservative-leaning truck buyers who are the source of a huge percentage of GM’s global profits. And with the US Treasury selling the last of its GM stock in December, officially bringing the auto bailout to a final close,  GM finally had the opportunity to leave the “Government Motors” era behind and become just another automaker.  2014 was shaping up to be the year GM became just another car company.

Instead, GM opened 2014 with its freshly-appointed first female CEO enjoying a shout-out from the President at the State of the Union… followed by a wave of stories questioning whether said female CEO’s pay was on par with her predecessor Dan Akerson’s. GM has since “corrected misperceptions” about Barra’s total compensation ($14.4m, more than Akerson), but the wave of feminist blowback had already turned GM’s PR slam-dunk into an extended faceplant. Long used to playing the victim of partisan attacks, GM and the auto media establishment clucked at the “irresponsible” and “premature” “speculation” about Barra’s pay, blowing off left-wing concerns just as brusquely as they’d blown off perceived right-wing complaints about bailout policy for years. Just when it had a chance to truly start fresh, GM’s PR ineptitude and ingrained victim mentality seem bent on keeping  “Government Motors” on the political football field… this time, being tackled by the left.

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