"TARP is funded by taxpayers, so there are many rules about how that money can and can't be used. The result: GM spends an awful lot of time checking in with the people who administer TARP over everything from hiring to executive compensation and management. For a global company, that adds up to a lot of distraction."

Source : "Ed Whitacre: Time for 'Government Motors' to Hit the Road" by Edward Whitacre, Jr., www.wsj.com. September 19, 2012.

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