Obama fires GM ceo Rick Wagoner [Forums - Off Topic]

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CentralCoaster	Obama fires GM ceo Rick Wagoner	#1
Senior Guru San Diego, CA 9454 Posts Member since: 2007/10/28 0:00	Interesting news... Can they do that? I think Bama's trying to win some brownie points here. Wagoner was a goner either way. It leaves GM with one less excuse though. They didn't complete their billion dollar restructuring/begging letters by the due date, but they're getting your tax money anyways.
	Posted on: 2009/3/30 1:48
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Dads90	Re: Obama fires GM ceo Rick Wagoner	#2
Guru Pearland, Tx 318 Posts Member since: 2008/2/2 0:00	I rather give money to GM and screw AIG.
	Posted on: 2009/3/30 2:28
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bogus	Re: Obama fires GM ceo Rick Wagoner	#3
Grand Imperial Pooh-Bah San Pedro, CA 20859 Posts Member since: 2005/9/7 0:00	Good move, actually. They need to purge all the old school GM blue suits.
	Posted on: 2009/3/30 2:34
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red_johnny	GM CEO FORCED OUT!	#4
On Sabbatical Augusta, GA (85 383 stroker) 3213 Posts Member since: 2006/7/6 0:00	So looks like GM CEO had to go. Maybe the new guy will bring some good stuff to the table and turn things around a bit more than the prior CEO.
	Posted on: 2009/3/30 15:09

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BrianCunningham	Re: GM CEO FORCED OUT!	#5
Senior Guru Boston, MA for the most part :) 7763 Posts Member since: 2007/12/30 0:00	I saw that on the news this morning. I'm sure he will 'make out' just fine. I'm more worried about DC telling Chrysler they MUST merge with FIAT!
	Posted on: 2009/3/30 15:14
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Sweet90	Re: GM CEO FORCED OUT!	#6
Elite Guru Edmonton, Alberta 1143 Posts Member since: 2009/2/10 19:32	I heard Fiat was in some big time trouble as well Jim
	Posted on: 2009/3/30 15:22
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CSS996	Re: Obama fires GM ceo Rick Wagoner	#7
Mega Guru Central PA 3644 Posts Member since: 2007/8/31 0:00	I merged this, Johnny. Somebody beat ya to it! ;)
	Posted on: 2009/3/30 15:25
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DaleD	Re: Obama fires GM ceo Rick Wagoner	#8
Senior Guru Cuyahoga Falls, Ohio 1389 Posts Member since: 2007/2/17 0:00	Quote: CSS996 wrote: I merged this, Johnny. Somebody beat ya to it! ;) My post must have been eaten up in that merger?
	Posted on: 2009/3/30 15:27
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CSS996	Re: Obama fires GM ceo Rick Wagoner	#9
Mega Guru Central PA 3644 Posts Member since: 2007/8/31 0:00	Maybe, if you posted it at the exact same time as I merged it... I dunno how all this crap works. Sorry though!
	Posted on: 2009/3/30 15:33
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DaleD	Re: Obama fires GM ceo Rick Wagoner	#10
Senior Guru Cuyahoga Falls, Ohio 1389 Posts Member since: 2007/2/17 0:00	No damage done. I just observed Wagoner had to go, but I find it more than a little bit scary that the government is directing what goes on at GM. If the government really wanted to help, they'd decouple the relationships of executive management to boards of directors. That would help all publicly traded businesses, not just GM.
	Posted on: 2009/3/30 15:42
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CentralCoaster	Re: Obama fires GM ceo Rick Wagoner	#11
Senior Guru San Diego, CA 9454 Posts Member since: 2007/10/28 0:00	Quote: DaleD wrote: My post must have been eaten up in that merger? Actually Obama called us and said your post had to be deleted.
	Posted on: 2009/3/30 15:49
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DaleD	Re: Obama fires GM ceo Rick Wagoner	#12
Senior Guru Cuyahoga Falls, Ohio 1389 Posts Member since: 2007/2/17 0:00	Quote: CentralCoaster wrote: Actually Obama called us and said your post had to be deleted. Wow, he's everywhere! Maybe he really is "The One"? Naw.
	Posted on: 2009/3/30 15:51
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BrianCunningham	Re: Obama fires GM ceo Rick Wagoner	#13
Senior Guru Boston, MA for the most part :) 7763 Posts Member since: 2007/12/30 0:00	So the post about mergers got merged How ironic
	Posted on: 2009/3/30 15:54
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pianoguy	Re: GM CEO FORCED OUT!	#14
Guru Emeritus Apple Valley, MN 14762 Posts Member since: 2007/12/29 0:00	Quote: Sweet90 wrote: I heard Fiat was in some big time trouble as well Jim Probably because they make Fiats ;-)
	Posted on: 2009/3/30 16:08
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CSS996	Re: Obama fires GM ceo Rick Wagoner	#15
Mega Guru Central PA 3644 Posts Member since: 2007/8/31 0:00	HAR! Good one Brad!
	Posted on: 2009/3/30 16:10
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DaleD	Re: GM CEO FORCED OUT!	#16
Senior Guru Cuyahoga Falls, Ohio 1389 Posts Member since: 2007/2/17 0:00	Quote: pianoguy wrote: Probably because they make Fiats ;-) I watch Morning Joe. This morning they asked the CNBC finance babe, Erin Burnett, if she knew anything about Fiat. Her first reply was: "Fix It All the Time"? I just like watching Erin Burnett, I don't even care if she knows anything.
	Posted on: 2009/3/30 16:16
	_________________ Whenever someone says "I'm not book smart, but I'm street smart", all I hear is "I'm not real smart, but I'm imaginary smart".
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BrianCunningham	Re: GM CEO FORCED OUT!	#17
Senior Guru Boston, MA for the most part :) 7763 Posts Member since: 2007/12/30 0:00	Quote: DaleD wrote: Quote: pianoguy wrote: Probably because they make Fiats ;-) I watch Morning Joe. This morning they asked the CNBC finance babe, Erin Burnett, if she knew anything about Fiat. Her first reply was: "Fix It All the Time"? I just like watching Erin Burnett, I don't even care if she knows anything. :tongue1:
	Posted on: 2009/3/30 16:40
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red_johnny	Re: Obama fires GM ceo Rick Wagoner	#18
On Sabbatical Augusta, GA (85 383 stroker) 3213 Posts Member since: 2006/7/6 0:00	Quote: CSS996 wrote: I merged this, Johnny. Somebody beat ya to it! ;) No problem, its interesting to see how things are getting played out right now.
	Posted on: 2009/3/30 18:11

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Sweet90	Re: Obama fires GM ceo Rick Wagoner	#19
Elite Guru Edmonton, Alberta 1143 Posts Member since: 2009/2/10 19:32	I guess it's official, Fiat and Chrysler have merged Jim
	Posted on: 2009/3/30 22:47
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Matatk	Re: Obama fires GM ceo Rick Wagoner	#20
Webmaster SW Chicago Burbs 22804 Posts Member since: 2008/1/7 0:00	Quote: DaleD wrote: Quote: CentralCoaster wrote: Actually Obama called us and said your post had to be deleted. Wow, he's everywhere! Maybe he really is "The One"? Naw. See below....lol. Matthew Attach file: Obama.jpeg (0.00 KB)
	Posted on: 2009/3/30 23:34
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400hp427vette	Re: Obama fires GM ceo Rick Wagoner	#21
Senior Guru Long Island, NY 373 Posts Member since: 2009/3/5 2:26	No matter if we thought Rick should be fired or not, The government did it. Ohh Boy Socialism here we come.........
	Posted on: 2009/3/31 2:23

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Sweet90	Re: Obama fires GM ceo Rick Wagoner	#22
Elite Guru Edmonton, Alberta 1143 Posts Member since: 2009/2/10 19:32	How can the POTUS fire a CEO of a company. I know Obama is going to try to bail out GM and could ask for Wagoner's resignation, but shouldn't the shareholders be the one to fire him? Am I missing something here? Jim
	Posted on: 2009/3/31 3:10
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vetteblondie	Re: Obama fires GM ceo Rick Wagoner	#23
Master Guru Jonesboro, AR 4648 Posts Member since: 2007/4/3 0:00	Quote: 400hp427vette wrote: No matter if we thought Rick should be fired or not, The government did it. Ohh Boy Socialism here we come......... Wonder if the stock will come up?
	Posted on: 2009/3/31 4:32
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BrianCunningham	Re: Obama fires GM ceo Rick Wagoner	#24
Senior Guru Boston, MA for the most part :) 7763 Posts Member since: 2007/12/30 0:00	Quote: Sweet90 wrote: How can the POTUS fire a CEO of a company. I know Obama is going to try to bail out GM and could ask for Wagoner's resignation, but shouldn't the shareholders be the one to fire him? Am I missing something here? Jim Because they're giving them money. You want $$$, you do THIS You don't do THIS, then no $$$
	Posted on: 2009/3/31 13:47
	_________________ Polo Green 95 LT1 6-spd http://mysite.verizon.net/vzevcp74/ 383 LT1/Vortech Supercharger/AFR heads/Rod end suspension/Penske-Hardbar dual rate coilovers/Wilwood 6pot brakes NCCC Governor: http://BayStateCorvetteClub.com
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Sweet90	Re: Obama fires GM ceo Rick Wagoner	#25
Elite Guru Edmonton, Alberta 1143 Posts Member since: 2009/2/10 19:32	Quote: BrianCunningham wrote: Quote: Sweet90 wrote: How can the POTUS fire a CEO of a company. I know Obama is going to try to bail out GM and could ask for Wagoner's resignation, but shouldn't the shareholders be the one to fire him? Am I missing something here? Jim Because they're giving them money. You want $$$, you do THIS You don't do THIS, then no $$$ I see that Brian, but like I asked in my post, shouldn't Obama demand his resignation? I would think only the shareholders could actually fire him, or is this what really happened?
	Posted on: 2009/3/31 13:51
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DaleD	Re: Obama fires GM ceo Rick Wagoner	#26
Senior Guru Cuyahoga Falls, Ohio 1389 Posts Member since: 2007/2/17 0:00	Quote: 400hp427vette wrote: No matter if we thought Rick should be fired or not, The government did it. Ohh Boy Socialism here we come......... Correction, socialism, here we are. Heck, the socialist Western European nations are lecturing us about being too socialist! Wagoner had to go, but it should have been GM to do it. What makes anyone think Obama will pick someone better than Wagoner? Would it be the finely run government entities of Social Security, the Postal Service or even the BMV? Hmmmmmm.
	Posted on: 2009/3/31 14:08
	_________________ Whenever someone says "I'm not book smart, but I'm street smart", all I hear is "I'm not real smart, but I'm imaginary smart".
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CentralCoaster	Re: Obama fires GM ceo Rick Wagoner	#27
Senior Guru San Diego, CA 9454 Posts Member since: 2007/10/28 0:00	Quote: Sweet90 wrote: I see that Brian, but like I asked in my post, shouldn't Obama demand his resignation? I would think only the shareholders could actually fire him, or is this what really happened? That's exactly what happened. Obama is now the biggest shareholder BTW. He gave them our money, and now he is calling the shots. Kinda stupid as he's got no stake in it. If it doesn't work out, he just points fingers somewhere else.
	Posted on: 2009/3/31 15:04
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BillH	Re: Obama fires GM ceo Rick Wagoner	#28
The Stig Moderator Reno 22702 Posts Member since: 2007/12/25 0:00	Up next, the big O is going to tell them what they can and can't build.
	Posted on: 2009/4/1 0:31
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Dads90	Re: Obama fires GM ceo Rick Wagoner	#29
Guru Pearland, Tx 318 Posts Member since: 2008/2/2 0:00	What sucks, if the government is in control they would build cars we don't want. Funny, Obama can tell these big businesses how not to spend the money and he can take 500 people to England for a summit and think people will look kindly at that? I'm telling my son to get into politics, its the only job thats has a secure future.
	Posted on: 2009/4/1 4:36
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CentralCoaster	Re: Obama fires GM ceo Rick Wagoner	#30
Senior Guru San Diego, CA 9454 Posts Member since: 2007/10/28 0:00	Quote: Dads90 wrote: What sucks, if the government is in control they would build cars we don't want. They already are. EPA, CARB, CAFE to name a few.
	Posted on: 2009/4/1 7:54
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BrianCunningham	Re: Obama fires GM ceo Rick Wagoner	#31
Senior Guru Boston, MA for the most part :) 7763 Posts Member since: 2007/12/30 0:00	Quote: CentralCoaster wrote: Quote: Dads90 wrote: What sucks, if the government is in control they would build cars we don't want. They already are. EPA, CARB, CAFE to name a few. So much for free market economy.
	Posted on: 2009/4/1 14:21
	_________________ Polo Green 95 LT1 6-spd http://mysite.verizon.net/vzevcp74/ 383 LT1/Vortech Supercharger/AFR heads/Rod end suspension/Penske-Hardbar dual rate coilovers/Wilwood 6pot brakes NCCC Governor: http://BayStateCorvetteClub.com
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Sweet90	Re: Obama fires GM ceo Rick Wagoner	#32
Elite Guru Edmonton, Alberta 1143 Posts Member since: 2009/2/10 19:32	I can't speak for the USA, but when our government trys to run any kind of business here, well can you spell... DISASTER Jim
	Posted on: 2009/4/1 14:28
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DaleD	Re: Obama fires GM ceo Rick Wagoner	#33
Senior Guru Cuyahoga Falls, Ohio 1389 Posts Member since: 2007/2/17 0:00	Quote: Sweet90 wrote: I can't speak for the USA, but when our government trys to run any kind of business here, well can you spell... DISASTER Jim It's a universal thing. If the government runs it, you can be pretty sure it sucks. The only reason the military works is because they have dedicated, idealists who agree to become indentured slaves. And they overwhelm problems with big money. If the military were run like other government entities, they wouldn't be able to defend Fort Knox from a group of angry kindergardeners. One thing is for sure. GM will no longer make what consumers want, GM will tell consumers what they want.
	Posted on: 2009/4/1 14:54
	_________________ Whenever someone says "I'm not book smart, but I'm street smart", all I hear is "I'm not real smart, but I'm imaginary smart".
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pianoguy	Re: Obama fires GM ceo Rick Wagoner	#34
Guru Emeritus Apple Valley, MN 14762 Posts Member since: 2007/12/29 0:00	http://www.nakedcapitalism.com/2009/0 ... ck-surgical-big-auto.html
	Posted on: 2009/4/1 16:52
	_________________ 1996 LT4 �Before you criticize someone, you should walk a mile in their shoes. That way when you criticize them, you are a mile away from them and you have their shoes.�- Jack Handey
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