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03-30-2009, 12:27 PM
|  | Registered User | | Join Date: Apr 2003 Location: Madison, NJ | | | Rick Wagoner "Stepping Down" as CEO of GM
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Thoughts on this? Without getting political, please.
Yes, the White House has asked Wagoner to step down in order to get any more funding, but that's the extent of the politics.
Under Wagoner, GM stock price fell more than 90%. As of tomorrow, Fritz Henderson is stepping from COO to CEO in Wagoner's place.
I'm hopeful. http://media.gm.com/servlet/GatewayS...74&docid=53285
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03-30-2009, 12:32 PM
|  | One lab accident away from being a supervillain | | Join Date: Aug 2006 Location: Powder Springs, Ga | | | You gotta figure that the next guy can't do any worse.
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03-30-2009, 12:33 PM
|  | That's the way uh huh uh huh I like it.. | | Join Date: Sep 2006 Location: Robbinsville, NJ | | | You know, as of late I've turned into a really cynical, skeptical slob.
All I can say is that I'm keeping my fingers crossed.
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Originally Posted by machine gewehr I happened to have a better experience, a peegasm. | |
03-30-2009, 12:40 PM
| | Registered User | | Join Date: Sep 2005 Location: Santa Cruz, CA | | Quote:
Originally Posted by PSPookie You gotta figure that the next guy can't do any worse. | 
This should prove interesting. I have to point out though, it must really kill one's pride/manhood to be fired by the President of the United States though.
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03-30-2009, 12:47 PM
| | Registered User | | Join Date: Mar 2007 Location: Texas | | | Sacrificial lamb with a golden parachute, no doubt. More worthless populist politics.
Not to be political... I don't endorse any party.
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03-30-2009, 12:51 PM
| | Registered User | | Join Date: Nov 2007 Location: COLORADO | | | COO to CEO. not really that big of a change.
I figure that Waggoner was just a sacrifical lamb to appease the outraged public. When it is all said and done, it's going to be the same ol' stuff.
The only thing that will change the auto makers situation is to let them go bankrupt and get out of their union contracts. They need some MAJOR restructuring which is not going to be accomplished by cutting loose one of their bigshot corperate executive. |
03-30-2009, 12:52 PM
| | Registered User | | Join Date: Nov 2007 Location: COLORADO | | | Dang middy - beat me to it! |
03-30-2009, 12:55 PM
|  | ... you talkin' to me ?? | | Join Date: Dec 2003 Location: DEEP in the Heart of Texas | | Quote:
Originally Posted by middy Sacrificial lamb with a golden parachute, no doubt.
More worthless populist politics.
Not to be political... I don't endorse any party. | Quote:
Originally Posted by nortonrider Dang middy - beat me to it! | agreed .
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03-30-2009, 01:01 PM
| | That's the way uh huh uh huh I like it.. | | Join Date: Sep 2006 Location: Robbinsville, NJ | | Quote:
Originally Posted by nortonrider COO to CEO. not really that big of a change.
I figure that Waggoner was just a sacrifical lamb to appease the outraged public. When it is all said and done, it's going to be the same ol' stuff.
The only thing that will change the auto makers situation is to let them go bankrupt and get out of their union contracts. They need some MAJOR restructuring which is not going to be accomplished by cutting loose one of their bigshot corperate executive. | yyyyep
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Originally Posted by 6jase5 Cleavage heals. | Quote:
Originally Posted by machine gewehr I happened to have a better experience, a peegasm. | |
03-30-2009, 01:02 PM
| | | | This is the first time I've been hopeful about GM in many, many years. IMO, the management of the Big Three just does not get it. To be fair to them, they are saddled with all that legacy stuff like a huge, outmoded dealer network, ridiculous retirement costs, and difficult union contracts (and quality that continues to lag, if my mother's new Buick is any indication.. good god, what a piece of junk compared to the competition).
The sooner they get into bankrupcy, the quicker they will be able to do what they should have done 20 years ago IMO.
I wish them luck, and my house valuation wishes them luck! |
03-30-2009, 01:17 PM
| | Registered User | | Join Date: Oct 2008 Location: (M)a$$hole. | | | What I don't get it is the less than reassuring ads GM is running, like the
"Just when America needs it most...Buick Lacrosse"...
or the Saturn one
"We're not going anywhere...Saturn just released 5 new models last year, we build cars people want"...
Ok, well aren't both of these marques on the chopping block? Isn't Buick a less than desireable brand for the under 70 segment?
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03-30-2009, 01:53 PM
|  | Online | | Join Date: Apr 2001 Location: Sunapee, New Hampshire | | | Blah, blah. Nothing will change, except this dude getting a fatty paycheck to do less now. I'd love something like that from my employer.
-Mike |
03-30-2009, 02:31 PM
| | Registered User | | Join Date: Jan 2004 Location: footballscannotbekickediguess | | | I thought the Wagoneer was a Jeep/Chrysler product...
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03-30-2009, 04:25 PM
| | Registered User | | Join Date: Apr 2003 Location: Whitmoretucky MI | | | Scary Stuff
Government tellin private industry what to do
Also Obama told Chrysler they have to merge with Fiat within one month or no more $$$$
I am torn, I like the change and the gov't forcing these companies to make it. AT the same time I hope gov't intervention in private industry ends with that! Kinda like what happened with the Patrioit Act..illegal wire taps etc..these things can go too far. |
03-30-2009, 04:29 PM
| | Registered User | | Join Date: Nov 2007 Location: COLORADO | | | At the risk of sounding political, our government and big business are already one in the same. |
03-30-2009, 05:02 PM
| | The only winning move is not to play. | | Join Date: Nov 2003 Location: Gainesville/Ft. Lauderdale, FL | | | A stunt for sure, but it's not like GM doesn't need new leadership. I don't understand the people that are detesting this as government forcing a private business to do something. GM is on its knees, begging for government money, so the government should have the right (and ought) to put conditions on the money. Additionally, Wagoner stepped down on his own free will, even though it was at the suggestion of the administration. No lines were crossed here.
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Originally Posted by mike_v_s You're getting laid and you guys are still bitching? | |
03-30-2009, 06:34 PM
| | Registered User | | Join Date: Mar 2004 Location: Wisconsin | | GM = Government Motors  
I find this kind of Government Intervention really scary. |
03-30-2009, 06:43 PM
| | | How does anyone answer this without getting political???
The unions, Fed bailouts, getting fired by Obama.
They drank the poison by accepting the bailout money.
They should restructure in chapter eleven, save what they can and give Washington the finger. Quote:
Originally Posted by tplyons Thoughts on this? Without getting political, please.
Yes, the White House has asked Wagoner to step down in order to get any more funding, but that's the extent of the politics.
Under Wagoner, GM stock price fell more than 90%. As of tomorrow, Fritz Henderson is stepping from COO to CEO in Wagoner's place.
I'm hopeful. http://media.gm.com/servlet/GatewayS...74&docid=53285 | |
03-30-2009, 06:54 PM
| | Registered User | | Join Date: Mar 2007 Location: Winnipeg, Manitoba, Canada | | Quote:
Originally Posted by RicPlaya Scary Stuff
Government tellin private industry what to do | +1,000,000
I know, I know. No politics. But as Bassgrinder said how do you even discuss this without getting political.
But do we really still have a free market economy after this? Give them the loan or don't but don't be big brother.
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Last edited by Geddyfleaharris : 03-30-2009 at 06:57 PM.
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03-30-2009, 07:43 PM
| | Registered User | | Join Date: Sep 2008 Location: pittsboro, nc | | i also have to say... how do we comment on this without being political. it's now a political matter. but i'll do my best to comment on it and tell you my thoughts without trying to get "political". Quote:
Originally Posted by RicPlaya Scary Stuff
Government tellin private industry what to do
Also Obama told Chrysler they have to merge with Fiat within one month or no more $$$$ | i'm not a big star wars guy but there is a line from one of the newer movies that keeps being played over and over and over again in my head.
"so this is what it looks like when a republic dies"
and trust me, i'm not saying this because of who's in office. this line applies for so many things that have been going on for a while in our government. so before you think i'm bashing your guy, think again. i have enough opinions to go around.  | | Thread Tools | Search this Thread | | | | 
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