Government wields influence over GM's IPO

Clare Baldwin, Soyoung Kim and Kevin Krolicki, of Reuters, report that "a review of key events leading up to GM's IPO and interviews with people involved inside and outside the company show that the U.S. government has been running key aspects of the landmark stock deal and exerting tight oversight on management decisions seen as crucial to its success." These findings contradict the Obama administration's insistence that it's not meddling in the company's management.