Quote:
Originally Posted by classicman
And the question I'm asking is should that be done by the Gov't?
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So Rick Wagoner should have stayed there protected by the MBA who are running GM into the ground? GM had no plans to fix itself until Obama finally forced Wagoner out. Only in the past month has GM had anything close to a solution. Only because Obama swung an axe.
No it should not be necessary. But appreciate how corrupt American business is especially where government in the 2000 protected the dumbest of them.
How many more AT&Ts should America suffer simultaneously before executives suddenly remember who they work for and what is the most important objective of any company. Obama said it on 14 April. The purpose of a company is to provide products and services - not make profits at the expense of all others. Show us where government intervention was not necessary.
How would Rick Wagoner been removed if government had not done it?
The man never ran a single profitable operation. He was setting record losses in GM North America when they promoted him CEO of all GM. These same people would have force him out? Of course not, which is why government finally had to step in.