The Man Of The People

The big news for the weekend is, GM's CEO Rick Wagner is stepping down, immediatly! This is because the White House requested it. When the goverment decides to give these companies billions of dollars I would think that it would be up to the government to decide who they want as CEO. The only reason I believe this is if the CEO that is there was being effective the company wouldn't need billions of dollors. Don't get me wrong I don't think the government should be running it, or they might need alot more than what they already got. Rick Wagner in a interview said "I'm the best thing for this company." That is the arrogance of alot of these big companies they are more than willing to go beg for money from tax payers but still think that the country needs them so bad that they can get away with what ever they want. Like the bonuses that have been given out to upper manegment so they can keep the talent there. What a bunch of bull. All of GM's problems can't be put on Rick Wagner's head. You can also include the UAW, and several suppliers who seen other suppliers going under and seen that as a perfect time to raise their production costs. Thus bleeding all the auto makers not just the big three. A final thought, GM employees said Rick wagner was a super nice guy. Being a super nice guy doesn't always get the work done.