ANTS

The Fate of General Motors' Rick Wagoner

While there may be some empathy for Wagoners plight, the fact is he has been at GM for 30 years, 9 years as CEO and the company has been in continuous decline for all of those 9 years if not before. He got to the top doing what?

GM was actually built up during the depression wasn't it? Probably by a CEO who were very good.

The US corporate system/shareholders should be appreciative of this event, and hope that history repeats.

Ousting Rick Wagoner Won't Solve GM's Problems

Years ago, the CEO of British Leyland wrote a book on his attempt at restructuring that company "Beyond the Brink"

It showed how bad a company can get, and how a good executive can turn it around, albeit with much angst. A good read for GM's new CEO.