GM CEO Rick Wagner has agreed to resign at the Obama Administration's request. Wagner was not the best choice for CEO of GM at this time and his departure will be celebrated by many in the auto industry. The other half of the problem is UAW President Ron Gettelfinger. Will the Obama Administration call on Gettelfinger to resign? Would he be half the man Wagner is if his resignation would help?
GM CEO resigns at Obama's behest
The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.
Wagoner's departure is one of the remarkable strings attached to a new aid package the administration plans to offer GM.
The White House confirmed Wagoner was leaving at the government's behest after The Associated Press reported his immediate departure, without giving a reason.
On Monday, President Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by GM and Chrysler. (excerpt) read more at politico.com
1 comment:
It will not be easy for the car companies.
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