This online newsletter carries a Detroit Free Press story by Michael Ellis and Jennifer Dixon about GM's recently reported accounting errors and an explanation of them by CEO Rick Wagoner. Winning a vote of confidence from GM's Board of Directors recently, Wagoner told the Free Press reporters that bringing in an outsider to run the company at this time would cause turmoil. He called the company's accounting errors "embarrassing to us all." But Alan Reinstein, professor of accounting at Wayne State , had this to say: "It's difficult for me to believe that a company with GM's experience and reputation would have so many people who allegedly do not fully grasp the accounting rules," he said.