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  #1  
Old 03-29-2009, 05:18 PM
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GM CEO Rick Wagoner to resign
General Motors Chief Rick Wagoner Said to Step Down (Correct) - Bloomberg.com

you heard it here first.
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Old 03-29-2009, 05:29 PM
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I think he has to. Symbolic redirection.
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Old 03-29-2009, 06:00 PM
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Outta get the head of the UAW to step down first...GM is doomed with those wackos at the helm.

Oh well, at least now he can fly on a private jet again.
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Old 03-30-2009, 04:29 PM
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long over do. he has been running the co. in to the ground for years. it's to bad the board of directors didn't do their job and get rid of him years ago. now dump lutz and maybe gm has a shot at survival.
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Old 03-30-2009, 04:45 PM
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Quote:
Originally Posted by panzercommander
long over do. he has been running the co. in to the ground for years. it's to bad the board of directors didn't do their job and get rid of him years ago. now dump lutz and maybe gm has a shot at survival.
Lutz announced his resignation months ago, effective april 1.
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Old 03-30-2009, 04:57 PM
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Wagoner as CEO has been a failure. This was overdue.

I do like the tone from the President - fix this now and don't make us get more involved.
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Old 03-30-2009, 07:31 PM
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Originally Posted by gresch
Lutz announced his resignation months ago, effective april 1.
I didn't know,thanks.
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Old 03-30-2009, 07:53 PM
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Yeah and once he officially resigns his current $1 annual salary post he's gonna get millions!
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Old 03-30-2009, 08:32 PM
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Originally Posted by TwinsPoppa
Yeah and once he officially resigns his current $1 annual salary post he's gonna get millions!

$20M actually.
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We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
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Old 03-30-2009, 08:59 PM
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Quote:
Originally Posted by panzercommander
long over do. he has been running the co. in to the ground for years. it's to bad the board of directors didn't do their job and get rid of him years ago. now dump lutz and maybe gm has a shot at survival.
Seems like the board went down with him.
The rough road ahead for GM - Autos- msnbc.com
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