[steinravnik]

Originally Posted by jbernie

For all the Rick Wagoner haters out there, as he said to a question basically askign why are you still CEO on the CNBC program Tuesday night (?).....

If the shareholders did not want him there, he would have been gone a long time ago.

Wagoner is still for one of the following reasons:
1) the majority of shareholders believe in the direction he is taking the company
2) the shareholders don't believe in him, but they know no one else will take/can do the job
3) the belief is that GM's performance is comparable with equivalent companies (more Ford & Chrysler) and until the cost cutting efforts complete (the buyouts etc) it is hard to determine if the leadership is at fault or if once the plans are complete things will be a lot better.

For now, I don't see the point in firing the guy, if you have someone lined up to replace him, don't bring them in when failure is a good possiblity, let failure occur and bring the new guy into rebuild.

Where's Buickman at to rebut you?