Tuesday, March 31, 2009

Running on empty ...

On Sunday the Obama administration asked GM CEO Rick Wagoner to resign as part of its restructuring of the auto industry.

"Under Wagoner's leadership, GM lost tens of billions of dollars, took billions in taxpayer-financed aid, and cut tens of thousands of jobs, including announced plans to cut 47,000 employees by the end of 2009."

Wagoner leaves with a $20 million retirement package.

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