GM Boss Stepping down
- Thread starter oilboy123
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Has already been posted about, and got members threatened with the Chinese Google treatment.
https://bobistheoilguy.com/forums/threads/wagoner-resigns.104687/
Best left where it lies...
https://bobistheoilguy.com/forums/threads/wagoner-resigns.104687/
Best left where it lies...
Too bad.
Another sad day in recent history. ( will not expand so I don't get into R/S/P)
I would not have a problem if it was the board of directors or shareholders who made this happen.
Just sick...
Another sad day in recent history. ( will not expand so I don't get into R/S/P)
I would not have a problem if it was the board of directors or shareholders who made this happen.
Just sick...
I think the main take away from this: Company leaders should not cave to union demands. It's better to come to a short term screeching halt, stand up like a real leader when the thugs who want to take over the company will ultimately run it into the ground 10-20-30+ years down the road.
It's a wacky terrible country we live in when the leader crows about "asking" a company head to step down.
It's a wacky terrible country we live in when the leader crows about "asking" a company head to step down.
Originally Posted By: Pablo
I think the main take away from this: Company leaders should not cave to union demands. It's better to come to a short term screeching halt, stand up like a real leader when the thugs who want to take over the company will ultimately run it into the ground 10-20-30+ years down the road.
It's a wacky terrible country we live in when the leader crows about "asking" a company head to step down.
If the government can "fire" the president of GM, I guess GM is owned by the government. If memory serves me correctly, (and it quite often does NOT) about 25 years ago Peugeot was owned by the French government and they had about 40% more assembly hours per car than a lot of their rivals. During this time, Peugeot reliability was dismal.
Should our carmakers be government owned? I guess history will tell us if our government did the right thing.
I think the main take away from this: Company leaders should not cave to union demands. It's better to come to a short term screeching halt, stand up like a real leader when the thugs who want to take over the company will ultimately run it into the ground 10-20-30+ years down the road.
It's a wacky terrible country we live in when the leader crows about "asking" a company head to step down.
If the government can "fire" the president of GM, I guess GM is owned by the government. If memory serves me correctly, (and it quite often does NOT) about 25 years ago Peugeot was owned by the French government and they had about 40% more assembly hours per car than a lot of their rivals. During this time, Peugeot reliability was dismal.
Should our carmakers be government owned? I guess history will tell us if our government did the right thing.
Originally Posted By: Bill in Utah
I would not have a problem if it was the board of directors or shareholders who made this happen.
+1
Not knowing the circumstances very well, I'm a little surprised that the government would force out a CEO that had the support of the management. Then again, maybe the government was right, and the management liked Wagoner only because they all were used to working with him...
Honestly, though, I don't blame the politicians any more than I blame the public for demanding sacrificial lambs. In the fury over the AIG bonus thing, nobody bothered publicly to say that most of the people who had screwed up the company had been fired, and the bonuses largely went to new employees who were brought in to turn the company around.
Then again, given how poorly educated so many people are, and how poorly (albeit quickly) information penetrates so many sectors of the population, I feel like this is the only form public accountability can take these days...
I would not have a problem if it was the board of directors or shareholders who made this happen.
+1
Not knowing the circumstances very well, I'm a little surprised that the government would force out a CEO that had the support of the management. Then again, maybe the government was right, and the management liked Wagoner only because they all were used to working with him...
Honestly, though, I don't blame the politicians any more than I blame the public for demanding sacrificial lambs. In the fury over the AIG bonus thing, nobody bothered publicly to say that most of the people who had screwed up the company had been fired, and the bonuses largely went to new employees who were brought in to turn the company around.
Then again, given how poorly educated so many people are, and how poorly (albeit quickly) information penetrates so many sectors of the population, I feel like this is the only form public accountability can take these days...
Well, last I checked GM is losing money at a rapid rate and has been doing so for a while. I do not know many people that would be able to retain a job based on that. Furthermore, you and I are funding this company, and this cannot happen indefinite. Change is in order. Does not make sense to stick with a failing plan.
Exactly right. No other head honcho is safe in a company failing to the degree GM has failed, why would Wagoner be given a pass? It's time for a change, and rather than trying to make further changes at the bottom (labor), it's high time changes began at the top.
Why should the government have any fewer rights when they are the corporate savior than a private one would? When you go running to someone for emergency help you always have options - take their offer, or leave it. Your choice.
No one is forcing GM to deal with the government. Like people often say here, if you don't like shopping at the government for money, go somewhere else.
No one is forcing GM to deal with the government. Like people often say here, if you don't like shopping at the government for money, go somewhere else.
Originally Posted By: d00df00d
Originally Posted By: Bill in Utah
I would not have a problem if it was the board of directors or shareholders who made this happen.
+1
Not knowing the circumstances very well, I'm a little surprised that the government would force out a CEO that had the support of the management.
Borrowers and beggars don't get to define the terms of the loan or handout.
Wagoner wasn't forced out. GM had the option of not taking the government money, then they could have continued doing business the way they were until they went bankrupt.
Originally Posted By: Bill in Utah
I would not have a problem if it was the board of directors or shareholders who made this happen.
+1
Not knowing the circumstances very well, I'm a little surprised that the government would force out a CEO that had the support of the management.
Borrowers and beggars don't get to define the terms of the loan or handout.
Wagoner wasn't forced out. GM had the option of not taking the government money, then they could have continued doing business the way they were until they went bankrupt.
Reorganization under bankruptcy was the only possible option months ago. Almost everyone could see it.
Protecting one's legacy brought GM to this day.
Protecting one's legacy brought GM to this day.
Well, I think the problem with GM is unfair foreign competition and insane trade policies, that in general destroyed much of the middle class. When no one has money to buy a new car, GM will suffer. When the market is flooded with imports, there will be less market share from GM and other domestic manufacturers.
http://autos.aol.com/article/car-news/ca...s%2F20090330002
Send them back to where they came from (and where they belong). GM, Ford and Chrysler can produce everything we need right here in the USA. Scrap NAFTA and the Chinese "free trade" agreements and bring those jobs back here. Increase import tariffs and provide tax incentives for products made here.
Send them back to where they came from (and where they belong). GM, Ford and Chrysler can produce everything we need right here in the USA. Scrap NAFTA and the Chinese "free trade" agreements and bring those jobs back here. Increase import tariffs and provide tax incentives for products made here.
And I will add that part of the reason for high gas prices last year was the spike in the worldwide demand, caused in part by middle class jobs going to China, India, etc. Just to add insult to injury.
Overpaid CEO and G.M didn't donate $$$ to the proper politicians .
Originally Posted By: cousincletus
And I will add that part of the reason for high gas prices last year was the spike in the worldwide demand, caused in part by middle class jobs going to China, India, etc. Just to add insult to injury.
How does gas demand increase as a result of jobs going to countries where they walk, bicycle or ride the train to work, instead of driving?
And I will add that part of the reason for high gas prices last year was the spike in the worldwide demand, caused in part by middle class jobs going to China, India, etc. Just to add insult to injury.
How does gas demand increase as a result of jobs going to countries where they walk, bicycle or ride the train to work, instead of driving?
Now the administration has decided they might let GM go bankrupt anyways. I wonder which Swiss bank account is holding all the bailout money.
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