It took this long for Rick Wagoner to step down from his position as the CEO of a company that’s been doing the death rattle for awhile now. Not only is GM trying to live off of 17.4 billion dollars of your and my tax money, but Saturn is either going to spin off from GM in 2011 or face the same fate that Oldsmobile did on April 29, 2004.
When companies are failing the management should be looked at and changes should be made on the spot. CEOs should not continue to receive huge bonuses while the working-class employees of the same fucking company are being fired. More importantly, when the companies are banging down the doors of Washington hoping that the tax dollars that should be going to things like improving our educational system, our aging infrastructure, and building up crumbling communities go to them instead should really take a hard fucking look at themselves and see if perhaps part of the big issue with their companies is glaring right back at them in the mirror.
As far as I’m concerned, jackasses like Rick Wagoner and Robert Nardelli should have been chucked awhile ago. Granted, I understand that Mr. Nardelli has only been CEO of Chrysler for just shy of a couple years. However, a plan to recover the failing company should have been put into action before the begging began. Smart cuts like the private planes and other unnecessary perks should have been made way before Washington heard the knock on the door.
So, Rick Wagoner, may you cause little harm in your next endeavor, because thanks to you, thousands of former factory workers are now lining up at the unemployment office and are trying to figure out how to piece their lives together.
Filed under: political morsel Tagged: | Chrysler, GM, Rick Wagoner, Robert Nardelli, Saturn
Hey, where have you been??? I miss you on my blog! I think all of these idiots should be fired.
Welcome back…I also think they should all be fired….leaving with money in hand is just disgusting!!!!! The decisions they have made over the last three decades have, as I have said before, been greed based and therefore not looking toward the future, and making the company stable in the long run. They knew they could bail with more money than god and be okay no matter what they did at work to ensure the health of the company. As you said, who suffers?? The workers who did the best job they could, did what they were told, and weren’t in on the decision making…now they are screwed, and everyone else walks with big bags of cash! I can’t tell you how angry that makes me!!!!!!!
Missed ya as well. I find this sudden news very interesting (as a resident of that fine auto-making state). If the current state of the economy shows us anything it is that we, the real people, have been quietly taking it in the rear for at least a decade now. Have you seen the Saturn commercials lately? Also, very, very interesting…
He has been running this company into the ground since 1998 and should have been gone a long time ago.
My concern, who will they get to restructure?
That’s what I don’t understand- how have these guys managed to hang on to their jobs so long, and why do people at failing companies get bonuses?
My point exactly, Mari!!!!