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Another One Bites The Dust

It seems that since General Motors chairman and chief executive, G. Richard Wagoner Jr., was unable to gain any real concessions from the United Auto Workers union and unwilling to put GM into bankruptcy, the government has decided that he must go before any further bailout monies will be given to GM. It was announced today that Wagoner will step down immediately. Wagoner will survive. Unfortunately, this is likely the death knell for the intransigent auto workers at GM who were just not going to be satisfied until they killed the goose that laid the golden egg.

Posted by Rick | March 30, 2009 12:59 AM