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?
He does not HAVE TO step down (he's not facing arrest). GM could turn down our bailout money, I suppose.