Monday, March 30, 2009

GM CEO Wagoner forced out as part of gov't plan (OneNewsNow.com)

GM CEO Wagoner forced out as part of gov't plan (OneNewsNow.com): "DETROIT- Time and time again, General Motors Corp.'s board of directors reaffirmed its support for Chairman and CEO Rick Wagoner, even as the company piled up billions of dollars in losses and begged for government loans to stay alive.


But Wagoner is now a high-profile casualty of government intervention, forced out as part of the Obama administration's sweeping last-ditch effort to save the century-old auto giant."

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