Tag: Oversight

By on October 31, 2019

Uber has formed an independent board tasked with overseeing its autonomous vehicle program. As outsiders, they’ll have no official authority within the company. But the six-member group will have direct access to executive years, and will be using them to advise the business on how best to test and deploy new technologies.

Dubbed the Self-Driving Safety and Responsibility Board, the group was formed after one of Uber’s test vehicles struck and killed a pedestrian in March 2018. An external review commissioned by the company following the incident recommended the board’s formation, with support from the NHTSA.  (Read More…)

By on April 23, 2010

While the White House and most of the media spent the last two days parroting GM’s claim that it “paid back” taxpayers, Senator Chuck Grassley was busy writing a letter to the Secretary of the Treasury [letter available in PDF here]. The three-page note opens:

Dear Secretary Geithner:

General Motors (GM) yesterday announced that it repaid its TARP loans. I am concerned, however, that this announcement is not what it seems. In fact, it appears to be
nothing more than an elaborate TARP money shuffle.

No surprises there: TTAC has been all over this ruse for months now. Grassley does sum the situation up nicely, stating that “A debt-for-equity swap is not a repayment,” but the most interesting part of his letter is his theory for why GM and the Administration approved the tax-money reshuffle. Thus far, we’ve assumed that PR was the driving concern in this transparent deception. According to Grassley though, there may be another reason…

(Read More…)

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