Well,
at least now we know who's running General Motors. The Obama White
House, in an extraordinary expansion of the government's reach, Sunday
demanded and got the head of Rick Wagoner, the automaker's embattled
chief executive. In doing so, the president brushed aside GM's board of
directors, selected by shareholders and entrusted with the power to
hire and fire executives, and assumed that role for himself.
While GM's board had been often restless with the
transformation of GM under Wagoner's leadership, it maintained its
confidence in his ability to get done a very tough job.
Shareholders can read the handwriting on the wall --
this isn't their company anymore.
He is definitely not invited to the crab feast.
ReplyDeleteThe crabs are disappointed. They were looking forward to Kenyan à la Mussolini.
Lt. Col Gen. Tailgunner dick
---Response (Aquarian Z) 03/29/2009 11:56 PM
ReplyDeleteDear Josh,
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Wow that sounds slightly pre-written.
Ya know, back in the days when the resume was a guiding element in a common sense society, this would have been a little like the janitor firing the president of the company.
ReplyDeleteOn a closely related note. I'm a Ford man. But I'll never buy another product built by the UAW. EVER!
Now, you know Wagoner didn't step down just because he was asked nicely. He was told, "Step down or we'll..."
ReplyDeleteIt's the "or we'll..." part that I really want to know about.
This is a lot like a Chicago mob boss encouraging a local Chevy dealer to make the boss's cousin a part-owner in the business -- or else something unfortunate might occur.
ReplyDeleteI think it's a lot more like a certain Venezuelan dictator giving foreign companies impossible to fulfill mandates, and then nationalizing them.
ReplyDeleteGeneral Motors (Gubment Motas) is now officially Airbus. All we need is Canada and Mexico to buy big percentages of shares.
ReplyDeleteAm I the only one that recognizes how cool it must be to be Amish now days?
ReplyDeleteThis Wal-Mart already has designated parking spaces for horses and buggies. There's a hitching post and everything.
ReplyDelete(BTW, the boys in the pic aren't Amish.)
http://tinyurl.com/cnu3xq
I'll bet them young fellers even speak English. Is that small one a strawberry roan? Unfortunately, those methane emitting beast are just killing the planet. President Huggy Bear is going to downsize them all to shetlands.
ReplyDeleteThis is just a giant step toward the nationalization of the country's major businesses. Chrysler will be the next to be dictated to by the Kommissar. After that it will be the major oil companies, beginning with Exxon-Mobil.
ReplyDeleteJoe Stalin and the Ayatollah Khomeni would be so very proud of Komrade Zero, as would Karl Marx, Vladimir Lenin, and Joseph Engels.
Hmmm, I don't think the genius boys considered Ford not taking the bait. This gives Ford an advantage, well thats not fair.
ReplyDeleteI guess thats where Geitner the Elf can just take over a company that poses a threat to the economy.
These boys are way too big for their britches.
I won't risk a snarky response by asking why Gettelfinger, President of the UAW, didn't get booted by teh One.
ReplyDeleteJLW III