When Charles E. Wilson appeared before a Senate committee in January 1953 as President Eisenhower's nominee to become Secretary of Defense, he was asked whether his large holdings of stock in General Motors, where he had been president and chief executive, might cause some conflict of interest. "I cannot conceive of one," he replied, "because for years I thought what was good for our country was good for General Motors and vice versa. The difference did not exist. Our company is too big. It goes with the welfare of the country." While Wilson is often misquoted as saying that what's good for GM is good for America, a quote often used as a symbol of corporate arrogance, his intent seemed at least somewhat more benign. But however you interpret it, Wilson was almost certainly sincere in believing that when you get right down to it, the country and its largest corporation, as GM was then, rise and fall together.