GM Wagoner steps down

Discussion in 'Wall St. News' started by BlueStreek, Mar 29, 2009.

  1. bit

    bit

    IDK, but it'll NEVER be this guy:


    [​IMG]
     
    #11     Mar 29, 2009
  2. Nardelli of Chrysler will be next.

    With his vast automotive experience gleaned from running Home Depot into the ground, and then overseeing the plunge of Chrysler quality, where will he go?
     
    #12     Mar 29, 2009
  3. piezoe

    piezoe

    Wagoner a "scapegoat"????
     
    #13     Mar 29, 2009
  4. Wow - last week or so it was implied that GM would not need any more money. Now this.

    JPM started a rally saying they will be profitable for the Q - then Dimon comes out and says March was awful.

    Meh - bye bye rally. I SO want to be a bull but this is bullshit.
     
    #14     Mar 29, 2009
  5. I do not think it is scapegoating as much as the Gubmint in the form of the administration preparing for a Barry bailout.

    Bailouts are getting harder for lying, cheating, scumbag politicians to shove down the public's throat.

    With that in mind, those elitist boys and girls in Washington could not ask to piss more tax money down the drain if the CEO who was in charge of the corporate crash was still in place.
     
    #15     Mar 29, 2009
  6. Meet:
     
    #16     Mar 29, 2009
  7. wagoner is a bum

    good riddance
     
    #17     Mar 29, 2009
  8. new$

    new$

    YAHOO NEWS
    DETROIT – General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday. The news comes as President Obama prepares to unveil additional restructuring efforts designed to save the domestic auto industry. …..


    http://news.yahoo.com/s/ap/gm_wagoner


    NEXT?
    :eek:
     
    #18     Mar 29, 2009
  9. At least he has the honor to fall on his sword, unlike the bums on Wall Street and congress.
    What we're seeing here is class warfare, and as in all wars, those that start the wars never die in them. GM is hardly responsible for the economic meltdown, yet GM will pay the highest price while those that are responsible continue unharmed and untouched.
    I know you simple minded fools will say GM and Wagoner deserve to go down, which misses the point entirely. Guess what morons...you're next!
     
    #19     Mar 29, 2009
  10. ssblack

    ssblack

    That's seriously disturbing that the Administration is influencing this move. Sure, he failed at his job, but that it's at the request of the White House is not terribly comforting.

    His/GM's fault was not fighting the unions to restructure labor agreements.
     
    #20     Mar 29, 2009