Last night, the CEO of General Motors, Rick Wagoner, was fired by the President of the United States. Perhaps not “fired” in the strict legal sense – if legalities matter anymore – but certainly fired for all effective purposes. In a statement by Wagoner released last night, the now-former CEO states specifically that Administration officials “requested that I “step aside”’ as CEO of GM.” “And so I have,” he said. No pretense of an agonized decision, no pretending that the board asked him to go, simply that the White House asked him to go and he left.So apparently the President can sometimes call for firings without it being a big deal.
It’s hard to feel sorry for Mr. Wagoner. Not only did he lead GM into economic ruin, but he led the charge to Washington, D.C. for handouts.... The real concern is not that Wagoner was fired, but that he was fired by the White House and not a bankruptcy judge.
"Have You Forgotten?"
AVI's been running a useful series by this title. Here's one I had forgotten: President Obama fired the head of G.M.
No comments:
Post a Comment