Obama really likes a "Command Control Economy" where a president can dictate personal changes at private corporations.
Posted on 03/29/2009 2:12:11 PM PDT by kcvl
Edited on 03/29/2009 4:22:35 PM PDT by Admin Moderator. [history]
Officials say GM Chairman and CEO Rick Wagoner will step down immediately at request of the White House.
“This will be interesting to watch.”
You said a mouthful there, my friend.
Film at 11!
screw them, I got a Ford last fall and enjoy it a lot. I have a good Chevy too but I can see subtle superiority in the fit and function of the Ford.
Per Fox News reporter, Jeff Goldblatt (I believe), Wagoner was forced out ‘by the government’.
Wagoner's mom decides to post a response!
Wasn't his predecessor a fellow by the name of Wimpisinger?
Given proper control of GM, my *cat* could run it. Successfully.
GM has lots of Japan-beating, world class vehicles that sell like mad. The thing is, Wagoner and others like him refused (until recently, and then in small numbers with no marketing) to sell them here in the US.
I refer, of course, to GM Europe and their plethora of models, almost all of which outsell their Toyota or Nissan counterparts there by ludicrous margins.
WTF?
That doesn’t surprise me in the least!
Who is he to demand anyone resign?!
Seriously??
I wouldn’t buy that unless it was $1000 or under (NEW on the lot) so I could resell it immediately on profit. What a waste and fru-fru car! No way would I put my son and daughter in that death-trap, fru-fru car.
Heck - even if Oprah gave me that for free, I’d seriously sell it for a 88-98 ford or some sorta used, well-running SUV as a trade.
My apologies for any man who drives that make of car (kinda)...
but if a MAN running a company touted THAT vehicle - he really has problems we can’t solve! I’m a female (granted from TX and stubborn as they come), but seriously...I would NEVER drive that little Barbie car...
-KFFD
Adolph Hitler at his finest. WHO'S NEXT????
As for successors...FWIW, I'd try to headhunt some of Toyota's people. I might also see if Carl Icahn was interested.
Then again, I'd be willing to let GM go belly up. We've got a surfeit of car companies.
GM CEO resigns at Obama’s behest
By MIKE ALLEN | 3/29/09 5:29 PM EDT
The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.
The White House confirmed Wagoner was leaving at the government’s behest after The Associated Press reported his immediate departure, without giving a reason.
On Monday, President Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by GM and Chrysler.
http://www.politico.com/news/stories/0309/20625.html
******
Another Obama PHOTO OP on Monday!
About three years ago I almost drove off the road, I got so mad. Wagoner was being interview on NPR. He came off like a corporate suit. Dull, no sales, no energy. Boring. OK, I’ll accept that. Then, and this is what made me mad, he was asked about GM vis a vis Japanese quality. He said, “GM will MEET any standard that the Japanese SET”.
Not lead, not beat, but MEET. As in after. As in, “We’ll let the Japanese set the standard”.
His comment slipped right by the dolt NPR interviewer and they moved on, but I knew then that he was a loser, way too fat and happy.
I can not wait for GM and Chrysler to go. Naturally, there will have to be two or three more ‘savings’ of ‘investments’ until these tax money sucking pits go like a bad public housing project or Defense department boondoggle. I’d say they are good for another 100 billion, easy.
What models?
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