Originally Posted by Mike-in-Orange
Obama also asked Rick Wagoner to step down from his role at GM, and he is doing so effective immediately. OK, I get that the US government is loaning billions of $$ to GM and Chrysler, but does it bother anyone else that the government can dictate to a corporation who can and can't run the place?
Very disturbing and the timing couldn't have been worse.
Wagoner and some of directors on GM's board were simply the govt's sacrificial lambs to show that they're serious about restructuring the auto biz.