Restructuring General Motors
Ray Young has to have the toughest job at General Motors right now. As its relatively new Chief Financial Officer since Spring 2008, he's had the unenviable task of trying to find ways to salvage the company financially during the worst economic downturn since the Great Depression, including helping convince a wary Congress that GM is worth saving.
Hot on the heels of negotiating with the U.S. Treasury Department last week, he took time -- along with Rod Gillum, GM's VP for Corporate Responsibility and Diversity, at the opening of the 2009 North American International Auto Show, to answer questions from a select group of Internet-based journalists and bloggers at a GM-arranged breakfast.
EV World's Bill Moore was on hand to not only record the session, but to ask the first question. While the entire meeting was just over 30-minutes in length, we have edited this segment to Mr. Young's opening remarks and his response to our publisher's question and follow-up.
On a technical note, near the end of the video, a stray radio emission briefly interferes with our wireless microphone pickup of Mr. Young's comments. We apologize for the momentary distraction.
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