I have no clue as to Mr. Wagoner's competence as leader of a gigantic enterprise. However, given our current administration's preference on green issues, our long standing neglect in not adopting a realistic energy policy for the nation, inspite of clear warnings over 35 years ago, the consumer being enamored with SUV's and trucks - what is a man to do. The automakers current financial mess has its origins in caving in to union demands over decades of relative prosperity and our current economic collapse, reducing vehicle sales to drastic levels. Mr. Obama's path towards abandoning the industry will come to haunt him.
Three cheers for Lee Raymond and Rex Tillerson - they have excelled at running a difficult business, and earned every penny of their compensation. I in turn appreciate an opportunity to invest in a stable corporation and its dividends - both their profit percentages and payouts to shareholders are not outlandish by any standards. Mr. Blaine has not checked lately on the value of our currency - where a good portion of the blame for oil prices lies, thanks to our elected leaders. Not Opec, not big oil are the culprits in this mess !
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