Wednesday, April 1, 2009

The White House, aka President Obama, urged the firing of GM executive Rick Wagner. That unprecedented move signals that President Obama is a take charge kind of fellow. I'm not sure if he has the authority to fire the head of a private company but I appreciate the nerve it took to do it anyway.

Before we cry to much for the newly unemployed captain of that perverbial Titanic lets remember that he's not exactly going down with the ship. His retirement package is in excess of 20 million dollars. He had agreed to work for a dollar year, so I'm not sure who the real sap is here in this scenerio him or the tax payer.

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