GM CEO stepdown?
Thread Starter
CF Monarch
Joined: Jul 2007
Posts: 5,891
Likes: 29
From: Princeton, NC, USA
GM CEO stepdown?
Yahoo is my homepage.
This immediately caught my eye when I got on:
http://news.yahoo.com/s/ap/gm_wagoner
Wagoner will step down if asked to do so by Congress. I can't say whether or not this will be a proactive move, but the man makes $14.4 million per year. Who's to say what the other executives make? Just paying them each year is about 2 billion I'm sure!
Let the opinions on this ensue!
This immediately caught my eye when I got on:
http://news.yahoo.com/s/ap/gm_wagoner
Wagoner will step down if asked to do so by Congress. I can't say whether or not this will be a proactive move, but the man makes $14.4 million per year. Who's to say what the other executives make? Just paying them each year is about 2 billion I'm sure!
Let the opinions on this ensue!
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TruckForums Liaison
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Get his @$$ outta there. Would you beleive GM hasn't paid for their parts in over 4 years here in the tool and die bussiness?? we are just so overlooked nobody cares, now they are using this bailout money to buy tools from China and India. My dad, who until now, ran the most successful Tool and Die Company in the state, just laid off 40 people and the other 110 took pay cuts along wtih him and everyone. The owner, a smart man, makes an annual salary of $150,000 and owns a $50million dollar company
CF Veteran
Joined: Nov 2008
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From: Albuquerque, NM
Going to weight in here. Question: How did Ford keep from having to take bail-out cash? Good management is suspected. They hired the former CEO of Boeing. By the way, how is Boeing doing now, anyone know? Ford immediately started reducing and buying out UAW contracts, if I remember correctly. Was this a good idea? Obviously it was. Bet he reduced the upper level staff too. Smart management is the key, always has been.
Thread Starter
CF Monarch
Joined: Jul 2007
Posts: 5,891
Likes: 29
From: Princeton, NC, USA
Well, Ford is still one of the few family-owned businesses.
You tend to take better care of something your great-grandfather passed down to you than something given to you by a bunch of rich idiots.
You tend to take better care of something your great-grandfather passed down to you than something given to you by a bunch of rich idiots.
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Thread Starter
CF Monarch
Joined: Jul 2007
Posts: 5,891
Likes: 29
From: Princeton, NC, USA
Thats what I'm saying. I call a spade a spade when I see it. No bones about it.
Ford has a much better company than GM... wait for it....but GM makes a hell of a better product!
I have worked on cars from all three automakers and Ford is the HARDEST to work on, followed by GM and Chrysler.
Did you know Ford doesn't put a fuse diagram on their fuse boxes? You have to dig up the owners manual (which looks like it was written in English by a Mexican) and decipher fuse numbers in the "Roadside Emergencies" section.
Ford has a much better company than GM... wait for it....but GM makes a hell of a better product!
I have worked on cars from all three automakers and Ford is the HARDEST to work on, followed by GM and Chrysler.
Did you know Ford doesn't put a fuse diagram on their fuse boxes? You have to dig up the owners manual (which looks like it was written in English by a Mexican) and decipher fuse numbers in the "Roadside Emergencies" section.
CF Active Member
Joined: Jan 2009
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From: East Texas
The gov't should never give money to a failing business. There is a reason why the business is failing. Also, the gov't shouldn't tell a business who to hire or fire and shouldn't tell anyone when to resign. We are getting closer to a nationalized car industry. One enemy of socialism and communism is private enterprise. The gov't will seek to run every aspect of the nation (healthcare, agriculture, transportation, food market). Get ready. If it walks like a duck, quacks like a duck, and looks like a duck, then it's socialism.