President Obama fires GM CEO Rick Wagonner. Yes he can.
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Stumble Thishttp://www.cbc.ca/money/story/2009/03/29/general-motors-wagoner-quitting.html
"General Motors Corp. chairman and chief executive Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday.
The news comes on the eve of U.S. President Barack Obama's unveiling of his plan to reinvigorate the U.S. auto industry."
"General Motors Corp. chairman and chief executive Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday.
The news comes on the eve of U.S. President Barack Obama's unveiling of his plan to reinvigorate the U.S. auto industry."
Since when are quitting and being fired the same thing?
And btw: The guy oversaw the downfall of the company. Look at their sales for the thirty years he was there. He and a lot of other execs completely fucked up the industry by releasing cars noone wants, but making prototypes everyone wants, but noone can have.
And last, he could've told the O admin "no".
People don't get "fired" at high positions like this...they are asked to step down...forcibly.
Why am I not surprised?