Looters And Moochers » The Moratorium On Brains http://lootersandmoochers.info Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Thu, 22 Jul 2010 18:26:38 +0000 en hourly 1 http://wordpress.org/?v=3.0 The Associated Press: GM CEO Wagoner forced out as part of gov’t plan http://lootersandmoochers.info/the-moratorium-on-brains/the-associated-press-gm-ceo-wagoner-forced-out-as-part-of-govt-plan-233.php http://lootersandmoochers.info/the-moratorium-on-brains/the-associated-press-gm-ceo-wagoner-forced-out-as-part-of-govt-plan-233.php#comments Mon, 30 Mar 2009 21:53:24 +0000 admin http://lootersandmoochers.info/?p=233
DETROIT (AP) — Time and time again, General Motors Corp.’s board of directors reaffirmed its support for Chairman and CEO Rick Wagoner, even as the company piled up billions of dollars in losses and begged for government loans to stay alive. But Wagoner is now a high-profile casualty of government intervention, forced out as part [...]


]]> DETROIT (AP) — Time and time again, General Motors Corp.’s board of directors reaffirmed its support for Chairman and CEO Rick Wagoner, even as the company piled up billions of dollars in losses and begged for government loans to stay alive.

But Wagoner is now a high-profile casualty of government intervention, forced out as part of the Obama administration’s sweeping last-ditch effort to save the century-old auto giant.

Wagoner, 56, who spent 32 years with GM working all over the world, stepped down effective immediately, the company said in a statement early Monday. He was replaced as CEO by Fritz Henderson, the company’s vice chairman and chief operating officer.

via The Associated Press: GM CEO Wagoner forced out as part of gov’t plan.

Do Obama and his minions know how to run a car company? They seem to think so. God help us all.

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