Monday, December 8, 2008

Wagoner might need to get out for G.M. to get bailout

G.M.'s gain may be Chief Executive Rick Wagoner's loss.

The Wall Street Journal reports: "On Sunday, Sen. Christopher Dodd (D., Conn.), a supporter of emergency loans for Detroit, suggested Mr. Wagoner should go if the government follows through and provides billions of dollars to help the auto giant restructure and return to profitability."
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4 comments:

  1. grumkinDecember 8, 2008 at 9:28 AM

    Seems like Wagoner inherited GM problems, rather than having created them.

    ReplyDelete
  2. AnonymousDecember 8, 2008 at 9:45 AM

    He's had them for a long time, though. Mullally has the excuse that he just got there a couple years ago.

    ReplyDelete
  3. AnonymousDecember 8, 2008 at 10:42 AM

    The Rick has been at GM his entire career. He has contributed to the current state more than other current GM exec. If GM had a board of directors that were were anything he would of hit the road years ago. The Rick and his generation of leader at GM only know how to lose market share/profits ect. So long.

    ReplyDelete
  4. AnonymousDecember 8, 2008 at 10:46 AM

    I agree with Dodd, but only if the Senator from Countrywide sets an example for Wagoner to follow, and resigns himself first.

    ReplyDelete

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