VOL. 129 | NO. 117 | Tuesday, June 17, 2014
Congress to Scrutinize GM's Corporate Culture
DENVER (AP) – U.S. Rep. Diana DeGette wants General Motors to explain how it plans to fix what's been described as a lax corporate culture and how the company plans to compensate victims of crashes tied to faulty ignition switches.
The Colorado Democrat on Monday outlined questions she'll have for new GM CEO Mary Barra during a congressional hearing Wednesday. DeGette is the ranking member of the House committee investigating GM's recall of 2.6 million small cars.
DeGette says she wants Barra to talk about a company-commissioned report that highlighted bad corporate habits, such as the "GM nod" – agreeing on a plan of action but doing nothing.
DeGette says she also wants more details about any compensation plans from GM. The automaker has hired attorney Kenneth Feinberg to implement a compensation strategy.
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