I read Tuesday that General Motors Corporation outlined a new plan that would give the U.S. government a controlling stake in the company. In addition, GM said it would use stock to pay off half of the amount it owes the United Auto Workers (UAW) to cover retiree benefits.

I’m in the process of writing my Q1 report for our board of directors and I’m trying to come up with the appropriate adjective to describe the current economic environment and explain its impact on our business.

I was amazed when I first learned that the Obama administration had requested the resignation of GM CEO Rick Wagoner. After thinking about it for a few minutes, I became dismayed.

Imagine for a moment that you own a company. Unfortunately, your company, like many companies recently, has experienced some problems that have put its mere survival in question. You’ve taken action, removed the employees who were responsible for creating most of the problems, and even brought in a new senior executive — a seasoned industry [...]