Wagoner still has GM's support
Despite huge losses, backing for CEO 'has not changed,' says spokesman
"The board has expressed support for Rick Wagoner and the GM management team on several occasions and that has not changed," GM spokesman Steve Harris said Tuesday.
Some analysts say it's hard to fault Wagoner for most of the problems GM is facing, such as $4-a-gallon gas and the market collapse for its most profitable vehicles.
"I can understand the pressure, but from where I sit, it's hard to see anybody else coping any better than what they have done," said auto analyst David Healy of Burnham Securities.
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I have no problem faulting Wagoner, no it's not his fault gas is 4 bucks a gallon, or everyone wants a small car, no one can sell their house, no one has a job to buy a car or truck BUT it is his fault he lacks the fore sight to prepare for these kinds of market changes....technically that is why he is paid ass loads of money, for his ability to "lead".
Leading by definition means your ahead of the pack, on the front, cutting edge and all that...none of which he has proven.
Wagoners "leading" is entirely reactionary.
What common intelligent citizen of Michigan hasn't seen this coming for years?
FOR YEARS...everyone knew that there was a trend to buy smaller import cars.
FOR YEARS...everyone knew gas was going up since the the Iraq and Afghanistan wars (both of which are still raging on).
FOR YEARS...everyone knew that the economy in Michigan and the nation has been limping along, tied also to a gloomy real estate market.
FOR YEARS it's all been common knowledge in Michigan
Yeah I do hold him at fault, where is accountability in the country anymore?
PS - See above, GM spokesman Steve Harris said GM has confidence in Rick Wagoner...c'mon Steve, who pays your check?
Of course you'd said that, it's your job as a fluffer to the media.
What cracks me up is "spokes people" actually went to school for something and now they are professional mouth pieces. What a job.
The whole point of this announcement to the press is a pathetic attempt to keep market prices on GM stock from falling any further than it is already or if you prefer...manipulating the press to GM's advantage.
Hardly what I would call "news".
...here is a tip ever notice that when a failing major corporation fires a CEO and hire another their stock sees a bump up?
Welcome to Detroit
Leading by definition means your ahead of the pack, on the front, cutting edge and all that...none of which he has proven.
Wagoners "leading" is entirely reactionary.
What common intelligent citizen of Michigan hasn't seen this coming for years?
FOR YEARS...everyone knew that there was a trend to buy smaller import cars.
FOR YEARS...everyone knew gas was going up since the the Iraq and Afghanistan wars (both of which are still raging on).
FOR YEARS...everyone knew that the economy in Michigan and the nation has been limping along, tied also to a gloomy real estate market.
FOR YEARS it's all been common knowledge in Michigan
Yeah I do hold him at fault, where is accountability in the country anymore?
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PS - See above, GM spokesman Steve Harris said GM has confidence in Rick Wagoner...c'mon Steve, who pays your check?
Of course you'd said that, it's your job as a fluffer to the media.
What cracks me up is "spokes people" actually went to school for something and now they are professional mouth pieces. What a job.
The whole point of this announcement to the press is a pathetic attempt to keep market prices on GM stock from falling any further than it is already or if you prefer...manipulating the press to GM's advantage.
Hardly what I would call "news".
...here is a tip ever notice that when a failing major corporation fires a CEO and hire another their stock sees a bump up?
Welcome to Detroit
