“‘I won’t be letting G.M. leadership, or federal regulators, escape accountability for these tragedies,’ Senator Claire McCaskill, the Missouri Democrat who is chairwoman of a Senate subcommittee on consumer protection, said in a statement.”
Senator McCaskill’s statement makes the correct points. GM’s leadership and the federal regulators have, to date, “escape[d] accountability.” I want to extend an offer of assistance to Senator McCaskill. The key to understanding GM’s otherwise incomprehensible actions is to understand the perverse effects of the compensation system that GM’s leadership designed. This is one of our areas of expertise.