Obama Requests and GM President, Rick Wagoner, Steps Down

March 29, 2009 by
Filed under: News 

Does anyone else find this shocking? Frightening? A bit fascist?

Link

WASHINGTON — General Motors Corp. Chairman and Chief Executive Richard Wagoner will step down immediately as part of President Barack Obama’s aid plan for the automaker, a person familiar said today.

The unexpected move by Wagoner, who has served as chief executive for eight years and worked at GM for more than three decades, comes just ahead of a rollout of the terms under which Obama will extend more aid to GM and Chrysler.

Wagoner was asked by the administration to step aside, and agreed to leave. It was not clear who would replace him; chief operating officer Fritz Henderson would appear to be the most likely candidate.

GM declined to comment.

Maybe Obama just didn’t like how GM was a big sponsor of conservative talk radio?

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