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Officials say GM Chairman and CEO Rick Wagoner will step down immediately at request of the WH
http://www.foxnews.com/ ^
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.
TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Government; News/Current Events; Politics/Elections; US: Michigan
KEYWORDS: atlasshrugged; automakers; bho44; communism; dearleaderobama; dictatorship; economy; fascism; generalmotors; gm; government; governmentcontrol; michigan; obama; resignation; stimulus; stockmarket; totalitarianism; wagoner; wtf
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To: reaganaut1
NOBODY with the name Gettlefinger should EVER appear in public life.
21
posted on
03/29/2009 2:22:12 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: papasmurf
General Motors and Chrysler as yet havent done enough to earn long-term support from the US government.
Thats President Obamas blunt assessment, made public a day before he plans to outline the latest White House aid proposal for the traditional US auto industry.
The troubled firms have made serious efforts to reform, and the White House has said it believes the US can have a successful auto industry.
But GM and Chrysler arent there yet, said Mr. Obama in an interview with CBS News Bob Schieffer that was broadcast on Face the Nation on March 29. We think we can have a successful US auto industry. But its got to be one thats realistically designed to weather this storm and to emerge, at the other end, much more lean, mean, and competitive than it currently is, he said.
http://features.csmonitor.com/economyrebuild/2009/03/29/obama-wants-more-reform-from-gm-chrysler/
22
posted on
03/29/2009 2:22:43 PM PDT
by
maggief
To: kcvl
End of the quarter?
To: kcvl
It's a good start. NEVER let a beancounter run your business.
Oh, and before the "oh, he did a good job" union drones pipe up here, Wagoner rammed this steaming pile through GM - it was his baby, and he should have been fired for it, but wasnt:
24
posted on
03/29/2009 2:23:28 PM PDT
by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: kcvl
So I guess this week GM isn’t doing OK and will need more money.
25
posted on
03/29/2009 2:23:29 PM PDT
by
razorboy
To: omega4179
I wish WAONER good luck whoever he is.I don't. He recently said that using a federal gas tax to raise the price to $4 a gallon should be considered. He's one of the reasons I won't consider GM when I buy a new car over the next year.
26
posted on
03/29/2009 2:23:30 PM PDT
by
Kieri
(The Conservatrarian)
To: SVTCobra03
Lutz announced he's leaving in Fall 09. He is the visionary who understands cars are sex. Maybe they can convince him to stay and run the place?
27
posted on
03/29/2009 2:23:49 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: kcvl
No worries. His bonus for driving GM into the dirt will be golden.
28
posted on
03/29/2009 2:23:57 PM PDT
by
pissant
(THE Conservative party: www.falconparty.com)
To: SVTCobra03
Bob retired earlier this year.
29
posted on
03/29/2009 2:23:58 PM PDT
by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: reaganaut1
This will give “O” the chance to appoint a government lackey to run the company. Who wants to buy a car made by the government?? Large deposit required and all maintenance is free for the first 100 miles.
GM will be redefined as “Government Made”
30
posted on
03/29/2009 2:24:27 PM PDT
by
reader25
To: papasmurf
I wonder who they will get to even consider taking his job?
The way the Obama people are for attacking CEO’s who put their company first over the one’s plans, I guarantee whoever it is will play softball with Washington.
Will the board have to have his replacement signed off on by Obama now that they took the money??
This will be interesting to watch.
31
posted on
03/29/2009 2:24:48 PM PDT
by
Abathar
(Proudly posting without reading the article carefully since 2004)
To: devere
Please, Wagoner may be unpopular but, at least he has a birth certificate! Show us your ticket, Obama!!!!!!!!!
32
posted on
03/29/2009 2:25:18 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: kcvl
I’m betting he was forced out by the restructure.
33
posted on
03/29/2009 2:25:25 PM PDT
by
Glenn
(Free Venezuela!)
To: April Lexington
I type corrected, thought he’d already retired, guess that was just an announcement.
That said.... would *you* want to be tied to the impending disaster that will be the Obama Administration’s resurrection of British Leyland????/
34
posted on
03/29/2009 2:25:31 PM PDT
by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: kcvl
You bet your "Bootie"...
35
posted on
03/29/2009 2:26:11 PM PDT
by
ExSES
(the "bottom-line")
To: al baby
I figured he wouldn’t leave until he got a nice going-away present from it.
To: maggief
Oh, man. Maybe Obama is planning to put Wagoner in charge of Afghanistan!!!!!
37
posted on
03/29/2009 2:27:08 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: kcvl
The next CEO won’t get a personal bailout, because the company will be owned by the feral government.
38
posted on
03/29/2009 2:27:10 PM PDT
by
Mad_Tom_Rackham
(What did Obama's Teleprompter know, and when did it know it...)
To: April Lexington
This goof has destroyed the most powerful auto company in the world.Um, NO...the UAW did that long before this shmoe showed up.
39
posted on
03/29/2009 2:27:36 PM PDT
by
big'ol_freeper
("From hell's heart I stab at thee... I spit my last breath at thee." ~ Khan Noonien Singh)
To: mewzilla
That was a figure of speech. I don’t know
of anyone particular.
Is there a Gettelfinger?
40
posted on
03/29/2009 2:28:47 PM PDT
by
TribalPrincess2U
(Welcome to 0bama's America... Be afraid, be very afraid)
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