GM CEO stepping down
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Joined: Oct 2005
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From: Houston, Texas
Change has been long overdue at GM. I don't have a problem with them getting a new CEO. The one thing that I do have a problem with is that the request came from Obama. The request should have been made by GM shareholders.
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Originally Posted by wraith5,Mar 30 2009, 10:23 AM
IBTL. A great topic to discuss that is CAR related but some people have just ruined it 
If the government want/force them to build more expensive and not-profitable hybrid to satisfy its environmental constituents, do you think GM would have a choice?
Like it or not, the future of GM has a lot to do with politics ever since they accepted the bailout money.
Am I saying it is right? No.
But it is the reality, and reality nowadays sucks!
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From: Queen City, NC
Originally Posted by clawhammer,Mar 30 2009, 11:25 AM
Change has been long overdue at GM. I don't have a problem with them getting a new CEO. The one thing that I do have a problem with is that the request came from Obama. The request should have been made by GM shareholders.
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From: Queen City, NC
Originally Posted by marthafokker,Mar 30 2009, 05:16 AM
Wait... Wagner got the boot for asking for 10-20 billion? The union got the shaft and restructured their deals.
WHILE.... The banks and AIG got 100s of billion dollars and spending it like no tomorrow. Gave bonus money to management for doing a failing job. And their CEOs don't get the boot?
Obama and his staff just don't understand 20Billion <<<<< 300+ Billion. Guess they all failed in math in college.
WHILE.... The banks and AIG got 100s of billion dollars and spending it like no tomorrow. Gave bonus money to management for doing a failing job. And their CEOs don't get the boot?
Obama and his staff just don't understand 20Billion <<<<< 300+ Billion. Guess they all failed in math in college.
The Gov't is sending a message - yes, you will get money for your company, but its going to cost you personally. Otherwise, everyone will just ask for money (like some already are).
