Tuesday, March 31, 2009

Obama Asks GM CEO To Step Down

President Obama asks Rick Wagoner to step down as CEO of the General Motors Corporation. President Obama stated that the company did not take enough drastic measures to ensure future success. So he felt compelled to have the CEO step dowm. Shortly after he stated the following" The government does not want to manage or lead GM." I don't know about you but having the CEO step down seems like the most drastic step you could possibly take for taking over and running the company. But thats just me. Followed by that Obama stated that if Chrysler did not take the FIAT partial buyout that they would not receive any more bailout funds. Please feel free to share your opinions on this or any subject.

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