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	Name:	MartiniMan -
	Subject:	Is it?
	Date:	3/31/2009 8:46:27 AM

Y'all assume Waggoner was the problem with GM and was not a good CEO. From everything I read about him he was well respected and seen as an effective CEO. You need to do a little research into the structural problems at GM that were a result of decisions made over the last 50 years before you throw him under the bus. I don't think any CEO could effectively cope with that incredible anchor around their neck.

But now we have Obama running GM so we will see how he does. I can almost guarantee you it will not work and they will be back at the government trough ala the SNL skit. The difference is that Obama has really backed himself into a corner. If he pulls the plug on GM down the road he will be held responsible for the 50,000 to 75,000 employees that will lose their jobs, many of them union. He is already getting heat from them about his statements yesterday that tanked GM stock and the markets.

And finally, if that is the contract between GM and Waggoner then he deserves the money. Don't blame him, blame the board.....oh, wait a second, they have all been replaced by the Obama administration so they are not even there anymore.