GM CEO Rick Wagoner to step down - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 24 Old 03-29-2009, 03:28 PM Thread Starter
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GM CEO Rick Wagoner to step down

WOW


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


With all the crap he's taken recently, lets just remember that Camaro's are once again being built...and they kick azz.

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post #2 of 24 Old 03-29-2009, 03:32 PM
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HOLY SHNIKES!!!

please oh please don't let this mean that the government is going to choose his successor. we're all screwed if that happens.



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post #3 of 24 Old 03-29-2009, 03:32 PM
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March Madness: Rick Wagoner To Step Down As GM CEO

http://www.google.com/hostednews/ap/...wZb8wD977U5TO1

The Associated Press is stating that Rick Wagoner is stepping down immediately from GM. First Lutzimus Prime, now Wagoner. GM is undergoing some major changes, but hopefully it's for the better. Thoughts?

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post #4 of 24 Old 03-29-2009, 03:33 PM
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Not really surprised. A company of this size cannot capsize without shedding some weight 'up top'

DETROIT A person with knowledge of General Motors' plans says Rick Wagoner will step down immediately as chairman and chief executive of the struggling Detroit automaker.

The person asked not to be identified because Wagoner's plans have not been formally announced.

The move comes on the eve of President Obama unveiling his plan to reinvigorate the U.S. auto industry. Obama and other administration officials have said they would demand deeper restructuring from General Motors Corp. and Chrysler LLC before they would get any more government loans.

Both companies are living on a total of $17.4 billion in federal aid

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post #5 of 24 Old 03-29-2009, 03:36 PM
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I guess it's for the better. The next CEO should be a female, because believe it or not, they can fix stuff. Like big stuff... Like GM... and stuff.


I posted this story a few minutes after you... Oh snap!

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post #6 of 24 Old 03-29-2009, 04:06 PM
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Hmmmm. With the state of GM as of, oh, the last few years, I can't say it is a move in the wrong direction. I've been kinda thinking it shoulda happened a couple years ago. Don't personally know the guy, he might be a great guy, who knows...but whether it's his direct fault or not, he's the front man and the GM buck stops with him.

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post #7 of 24 Old 03-29-2009, 05:42 PM
 
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Not sure how I feel about the President of the United States selectively firing CEOs.


(OK, that's not true -- I am quite sure how I feel about it...)
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post #8 of 24 Old 03-29-2009, 05:44 PM
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....and the end of the beginning begins. again.

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post #9 of 24 Old 03-29-2009, 05:46 PM
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good rid dins to this man,i have nothing but animosity for him.
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post #10 of 24 Old 03-29-2009, 05:50 PM
 
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General Motors CEO Rick Wagoner to quit, reports say:

General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, two people familiar with the matter said.

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