GM CEO Mary Barra `Gets a Pass’: Galloway

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April 1 (Bloomberg) -- New York University Stern Business School Clinical Professor of Marketing Scott Galloway and Bloomberg Contributing Editor David Plouffe discuss GM’s recall Congressional hearings on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg)

Business school guy here.

How does she possibly get in front of this whole thing when it's been going on for 10 years?

Crisis management boils down to the three same things.

Acknowledge the issue and over correct.

They have done everything except addressed the issue wouldn't actually happened and that is what they're getting heartache about.

She has been on the job six weeks.

She is fine.

I have to ask you about mr.

Ratner.

A lot of people got rave reviews.

Does this infringe upon the obama administration?

I don't think so at all.

It was one of the most important decisions the president made at the time.

There is no doubt that throughout the whole country, particularly in the midwest come it had a huge impact.

We will see if it affects our sales of new cars.

It's a terrible way to start your tenure.

Were you at any meetings at the white house?

I was not in the white house in 2009. i was part of discussions on the outside.

This is the entire industry looking like it was going to go over the cliff.

You are not focused on the recalls?

I don't think people are saying that we should not have bailed out gm or chrysler.

David plouffe can talk while tying his shoe.

How do you do that?

Speaking of the bailout of gm , that bailout means that gm is not liable for anything filed before 2009. does the company need to make an exception for that?

Bankruptcy is one of the great facets of the american economy system.

We love to forgive.

We love people to knowledge that they are wrong and apologize and get over it.

Our willingness to let companies fail and clean the slate and come back is a fantastic component of our economy.

Now we are thinking outside the box.

Is this whole notion of everybody who came to america came basically penniless and shirtless.

We are a bunch of underdogs.

Is that what it is?

What powers our economy?

Being an entrepreneur in europe is difficult because if you fail you are scarred for the rest of your life.

Venture capitalists like the thing that you have some scar tissue.

Its unique and a wonderful thing about our economy.

They have shed this whole government motors controversy and are putting out a good product and hitting big numbers.

The question is, does the slow them?

Jim just gets ever larger.

We will discuss

This text has been automatically generated. It may not be 100% accurate.

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