I don't think this is such a bad thing, GM CEO Wagoner forced out. I know a lot of people admire Rich Wagoner, but he has been with GM since 1977 and CEO in 2000. It may be time for some fresh blood that can do the hard things that need to be done (and I hope they bring in someone other then Vice Chairman and COO Henderson.) They need a fresh perspective to get their act together.
At least Bill Ford realized that he was not the guy to lead Ford during their restructuring, and might be one of the reasons why Ford is in a better position then GM. If you doubt Wagoner had to go, maybe you should check out GM's market share and stock price slide during his tenure...
Monday, March 30, 2009
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