Sunday, March 29, 2009

So long little Ricky (Wagoner)!


If the Associated Press is right, we may have the first good news from Detroit in quite a while. According to the AP, General Motors CEO Rick Wagoner is steping down immediately "at the request of the White House." Wagoner's leadership has been tone-deaf from both a political and public relations standpoint for months. Back when he flew by corporate jet to testify before Congress, we immediately asked the question: Why didn't he drive? Many others came to ask the same question.

Could it be that Wagoner actually believed that GM was building better cars, and yet simply felt they were not good enough for his butt to sit in?

We also noted, back at the time of the first hearing, that Wagoner read his comments from scripts and, strangely, didn't seem capable of answering questions on his feet - even while sitting.

In a final irony, Wagoner said on December 4, 2008, that he would not leave GM as, "I'm doing what I do because it adds a lot of value to the company." Not anymore, bud. You might think about taking a Chevy Cobalt with you for the drive home.

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