Schooling in the Ownership Society: Roberts, former GM exec, now running Detroit Public Schools

Schooling in the Ownership Society: Roberts, former GM exec, now running Detroit Public Schools

Roberts, former GM exec, now running Detroit Public Schools

Snyder (left) and Roberts

Michigan's T-Party governor Rick Synder, has appointed a former General Motors Corp. executive as the new emergency manager for Detroit Public Schools. Roy Roberts will take over for Robert Bobb, who was named the school district's emergency financial manager in 2009. Roberts currently is managing director and co-founding member of the Chicago-based private equity investment firm Reliant Equity Investors.

Roberts made his millions during GM's good years. When he retired in 2000 as