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Lessons Learned: Harry Wilson

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Abstract

Harry Wilson was one of four senior advisers to the US Department of the Treasury during the Obama administration and served on the President's Task Force on the Auto Industry, which was established in 2009 and charged with providing aid to General Motors and Chrysler, and later to other entities, to avoid their disorderly failure and the loss of a million or more jobs. The Auto Task Force worked intensively throughout 2009 to swiftly negotiate with the corporate leadership, unions, investors, and other stakeholders of the two manufacturers to design an orderly restructuring that would put the companies on a path to stability. Wilson led the government's efforts regarding General Motors while it went through its bankruptcy and restructuring. This "Lessons Learned" is based on an interview with Mr. Wilson.

Suggested Citation

  • Lynch, Mary Anne, 2022. "Lessons Learned: Harry Wilson," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 4(1), pages 474-478, April.
    • Handle: RePEc:ysm:ypfsfc:412626
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    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1282&context=journal-of-financial-crises
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    Keywords

    bankrupcty; Chrysler; debt-in-possession financing; General Motors; Global Financial Crisis; leadership; manufacturing; restructuring; US Auto Taskforce; UAW;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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