Overhaul: An Insider's Account of the Obama Administration's Emergency Rescue of the Auto Industry

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Houghton Mifflin Harcourt, Sep 13, 2010 - Business & Economics - 352 pages

A uniquely informed investigative account of one of the biggest financial crises of President Obama’s early administration


During his first year in office, President Obama faced the possibility of more than a million lost jobs as GM and Chrysler headed for financial ruin. He joined forces with Treasury Secretary Tim Geithner and economic advisor Larry Summers in a historic government intervention to keep these two auto-industry giants afloat, working against a ticking clock and fielding vocal opposition from free market champions along the way. It's from this vantage point that former New York Times financial journalist Steven Rattner witnesses a new administration's grace under pressure in the face of gross corporate mismanagement—a scenario rich in hard-earned lessons for managers and executives in any industry.


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User Review  - HadriantheBlind - LibraryThing

Insider's view of one of the biggest economic restructurings in modern history. It really is too soon to determine how well the program is working, but the greater workings of politics and boardrooms are all laid bare here. Worth it. Read full review

LibraryThing Review

User Review  - Shrike58 - LibraryThing

If you managed to lose track of the great bail-out of GM and Chrysler in the early days of the current administration this is not the worst book in the world that you could read to get up to date ... Read full review


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About the author (2010)

As counselor to the secretary of the treasury, Steven Rattner led the administration’s efforts to restructure the auto industry. Prior to that, he was managing principal of Quadrangle Group, LLC. At Lazard Frères & Co. he was deputy chairman/deputy chief executive officer, after tenures at Morgan Stanley and Lehman Brothers. He was also employed by the New York Times for nearly nine years, principally as an economic correspondent. He continues to write for the New York Times, the Wall Street Journal, the Washington Post, and the Financial Times. He lives in New York.

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