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View Full Version : Rick Wagoneer Stepping Down at GM

70 copo
03-30-2009, 01:16 AM
BAD Looks like the Government take-over of GM is all but certain now.
TDW
03-30-2009, 02:38 AM
So, he is most likely going to hang out at the bar with ALL those Wall Street guys and ALL those bankers that had to step down too. You know, the guys that ran the Country into the ground and then got BAILOUT money, as opposed to the LOANS GM is getting. What a sad state of affairs we are in. (IF this is too political for the mods, no problem to can it.)
gb70
03-30-2009, 03:59 AM
IMO there was a lot of pressure from the new administration to get him out, along with other demands, in exchange for more bail out $.
markinnaples
03-30-2009, 05:19 AM
Oh yeah, GM made GREAT cars when the bean counters were in charge (1970's and 80's). Super move.
Bad Brad
03-30-2009, 07:43 AM
You could take 50 people here on this board with less pat that could run GM better than Wagner could do.
Tommy
03-30-2009, 09:52 AM
[ QUOTE ]
Looks like the Government take-over of GM is all but certain now.

[/ QUOTE ]


I believe you are correct http://www.yenko.net/ubbthreads/images/graemlins/scholar.gif.....


Tommy http://www.yenko.net/ubbthreads/images/graemlins/burnout.gif
427TJ
03-30-2009, 03:57 PM
He's probably using his nice golden parachute to soften the landing.
Hylton
03-30-2009, 09:45 PM
[ QUOTE ]
He's probably using his nice golden parachute to soften the landing.

[/ QUOTE ]

$10 million a year for the past decade and he needs something to soften the landing? Geez....
MrsBillyBobcat
03-30-2009, 10:11 PM
[ QUOTE ]
He's probably using his nice golden parachute to soften the landing.

[/ QUOTE ]


I heard he's not getting one.

From today's Detroit News:

"Wagoner, who had agreed to work for $1 a year, is barred from getting a golden parachute or a big severance package under the terms of the government's Troubled Asset Recovery Program."
1970Bluel78
03-30-2009, 10:36 PM
GM.....Government Motors.
JRSully
03-31-2009, 03:12 PM
Just heard he is leaving with $21mm in his pocket
1970Bluel78
03-31-2009, 04:07 PM
He will be taxed at 90% if it's bonus stuff. I heard he will end up with 2 MILLION
ORIGLS6
03-31-2009, 06:30 PM
[ QUOTE ]
"Wagoner, who had agreed to work for $1 a year, is barred from getting a golden parachute or a big severance package under the terms of the government's Troubled Asset Recovery Program."

[/ QUOTE ]

Hmmmm. A TARP vs. a parachute. http://www.yenko.net/ubbthreads/images/graemlins/dunno.gif
Fast67VelleN2O
03-31-2009, 08:05 PM
How is he even getting a severance package? When the average Joe gets fired, he leaves with nothing. Let these big wigs go through what every other American has to suffer through!
x Baldwin Motion
03-31-2009, 08:16 PM
[ QUOTE ]
[ QUOTE ]
He's probably using his nice golden parachute to soften the landing.

[/ QUOTE ]


I heard he's not getting one.

From today's Detroit News:

"Wagoner, who had agreed to work for $1 a year, is barred from getting a golden parachute or a big severance package under the terms of the government's Troubled Asset Recovery Program."

[/ QUOTE ]


How bout a baloney sangdwich and a low mileage Olds Alero. That seems more than fair to me. http://www.yenko.net/ubbthreads/images/graemlins/tongue.gif
Chateau Slate 66
03-31-2009, 08:24 PM
Considering what he has made the last decade, I think he will be OK with or without a severance package.
427TJ
04-04-2009, 05:44 AM
[ QUOTE ]
Just heard he is leaving with $21mm in his pocket

[/ QUOTE ]

20 million severance package. As Mel Brooks said: "It's good to be king."
JoeG
04-04-2009, 05:59 AM
Also IT's great to be head of the UAW and get a populist pass...Ron Getteifinger..he should have gone also ..........