During Wagoner's tenure as CEO of General Motors, the market capitalization of GM has gone down by more than 90%.Is Rick Wagner a true Republican hero?
typical republican crookIs Rick Wagner a true Republican hero?
Market cap doesn't say anything considering most businesses' market cap dropped by 90% when the market fell out (Market Cap = Share Price x Outstanding Shares. How have share prices performed the last year?)...use a reliable measure if you're to make a reliable statement.
Not turning a profit for 30 years might be a better gauge for his ineffectiveness. But then we find ourselves asking more pointed internal questions about the UAW and other unsustainable input costs.
I'm not sure if I know of any businessman who, when given the option, would take a $2000 loss per car sold over a long period of time. Seems there might be more to the story?
As for picking Wagner stepping down at the request of the Government...it's sickening and another foot in the door for government to control ';you';.
If it weren't for the unions, this Administration would've have asked the Big 3 to declare Ch. 11 like they should have from the beginning.
It sickens me you'd concentrate on Wagner as opposed to what the government is setting precedent for doing in the future to ALL private enterprises.
Government does it better? Do you think it's a coincidence that the 4 entities requiring TARP funds were those w/ the most Government involvement (AIG, Fannie, Freddy, Citibank).
Housing Dream Team:
http://www.youtube.com/watch?v=hxMInSfan鈥?/a>
Obama suing Citibank forcing them to abide by CRA:
http://iusbvision.wordpress.com/2008/09/鈥?/a>
don't gimme that crap. Rick Wagoner is a true blue american. GOP all the way!
Money money and .... more money. Workers/stakeholders/customers/environme鈥?all be damned. Mr. big greed himself. I hope they burn him cos of what he did to kill the EV-1 electric car project, for that reason alone, he should be shot.
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