Did he get a nice parachute ?
Probably!
To be replaced by....... 0’s bud?
I figured he wouldn’t leave until he got a nice going-away present from it.
So who do you think will “take the helm” of these broken companies? I’ll put my money on a demrat sycophant or worse—a demrat politician.
Rick Wagoner, chief executive of General Motors Corp., announced earlier this month the company had to close four plants that make trucks and SUVs because of lagging demand as fuel prices soar. That followed the posting a $39 billion loss in 2007, a year when its stock price fell by about 19 percent, without adjusting for dividends.And Wagoner? His pay rose 64 percent, to $15.7 million.
$1 salary for this year...
This is scary when an anti-business WH can dictate to companies. Good, bad or ugly, the board should be dictating the direction of GM, not the White House. I pray they don’t put a union friendly boss in his place.
If the White House can do this, what’s next?
We’re starting down a road that leads to a very bad place.
Did he get a nice parachute ?
Yes, they are burying him in it as we speak.