Micro-management defined

NYT today notes that under the Democratic proposal, "the automakers...must seek permission from the car czar for any business transaction of $25 million or more." You probably can’t buy new pencils and paper clips for firms on the scale of the Big Three for less than $25 million a year. Quick, somebody please tell us what level of executive at well-run companies typically has the authority to make $25 million decisions. If it’s the Assistant VP for Purchasing, do we really want the Car Czar saddled with this kind of minutia, when he needs to be busy issuing diktats on body designs and new fuel cell technology?


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