Tuesday, July 14, 2009

Rick Wagoner Gets Over $10 Million In Exit Package From GM

Dirt cheap, his ego is probably worth ten times more. IMO, he was the last thief in the "Ali Baba and the forty thieves", upon whom the door closed as all the rest exited. Nonetheless, he is culpable and had the same opportunities as the rest to take a sharp ax to GM and cut it into the size it is today (and maybe more) - especially when the going was good in 2000 with the stock hovering above $90 under his stewardship. He got just as starry-eyed as his predecessors, didn't see the rot eating away the core and here we are - witnessing an avoidable deflowering of America's consummate industrial prom queen!
Read the Article at HuffingtonPost

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