Sunday, March 18, 2012

Street Talk: Obama adviser loyal to Johnstown - Kansas City Business Journal:

ramoledef.blogspot.com
native is playing a critical role shaping the futur ofthe U.S. automotive industry. Wilson, 37, is a “key on President Barack Obama’s auto task force, accordin to a recent article inThe . Wilsonh is part of a team that has done analyticakresearch -- such as reading financial reports and touringt automotive plants -- that formed the basis of the task force’sx decisions, the newspaper reported on May 29. As everyone knowsz by now, Obama essentially forced one ofthe country’s biggest companies, , to file for bankruptc in order to salvagw the huge automaker. GM will shut down 14 more plantss inthe U.S.
, lay off up to 21,00 more people, and shed its Hummer, Pontiac, Saab and Saturm brands as it triex to remain in the car U.S. taxpayers will own a 60 percent stake inthe Wilson, a former hedge fund managere with experience restructuring distressed assets, contactedr the head of the president’s task Steven Rattner, offering his services. The newspaper describe d the pitchthis way: “The e-mail combinedx a blue chip resume -- undergraduate and MBA degreeds from -- with a blue collar history. Mr. Wilson’a father had been a bartender, his motherd a factory worker who had been laid off threes times from dying textile millsin Johnstown.
” A childhood frienr told the Journal he wasn’t surprised by Wilson’d willingness to serve, considering his upbringing in Johnstown. His loyaltgy to the area extends to his unwillingneszs to do media interviews with anyone except the local The paper quoted him in astory saying, “Ik think it’s very important we have a domestiv auto industry,” according to the Journal. The Business Review put in a requestt with the White House seeking an interview and receivede thefollowing response: “Thanks for your request to interview Mr. Unfortunately we will be unable to dothe interview.” Wilsonm lives in Scardsale with his wife and children.

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