First published 2010
Steven Rattner takes readers inside the Obama administration's emergency mission to prevent the collapse of America's auto industry. As the leader of the government intervention team, Rattner navigates a world of political pressure, corporate failure, and competing interests while racing to save Chrysler and General Motors. He faces intense lobbying from Democratic allies who oppose his harsh restructuring plans and vocal resistance from free market advocates who reject any bailout. The clock ticks as Rattner and his team make brutal decisions about which companies deserve救助 and which must face bankruptcy. This insider's account reveals the personalities under extreme pressure and the corporate incompetence that brought Detroit to its knees. Rattner shows how political brinksmanship nearly derailed the rescue and explains the financial calculations behind each critical choice. The book captures one of President Obama's most challenging first year crises and offers lessons for managers facing their own high stakes decisions.
Genres: business, politics, economics, non-fiction, 21st-century, american-history
Vibes: emotional, fast-paced, thought-provoking
Tropes: high-stakes-decisions, insider-account
Setting: America, Detroit
Period: 2000s
352 pages · Hardcover · Houghton Mifflin Harcourt