It is the rule making body.
Now the rule maker is the rule maker, funder and The Decider.
Just like in the USSR.
Warren Buffet would be investing his own or hos company's cash and as an investor that would buy enough of the company he would have bought that right; that power.How is that any different then say if Warren Buffet bailed them out and made the same condition?
What do Obama, Biden, Geithner or any of his pointy headed staff know about designing, building and selling cars?
Bait and switch.If GM wanted to keep the guy, they could have just declined additional assistance.
I'll NEVER buy a Goverment Motors car.
They'll be selling The Obama pretty soon; about as safe as a Trabant, as big as a Polski Fiat, and all the power of a mule on speed.
The arrogance of Obama, who knows nothing about cars... to tell GM to go back and make a new plan with his government pin heads.
GM is his now... like it or not.