Fire at will

Roberts, Ted
June 2009
Liberty (08941408);Jun2009, Vol. 23 Issue 5, p19
The author focuses on the firing of Richard Wagoner as chief executive officer of publicly-owned General Motors (GM) by U.S. President Barack Obama. He claims that had the United Auto Workers (UAW) been less rapacious in negotiations, Wagoner would still be at the helm of GM. He says that though GM belongs to shareholders to whom Wagoner works for, they had lost their prerogatives when they agreed to accept bail out money. He says that he finds himself alone in defending the action of Obama which he claims was unimaginable.


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