Last night, during a telephone briefing for reporters, a “senior administration official” gave a few more details on what role the government will play in running GM. The official stressed that the government “will not interfere with or exert control over day-to-day company operations.” But the official continued: “As a shareholder, the government will limit what it votes on to core governance issues, particularly the selection of the company’s board of directors; major corporate events or transactions.”
