There are several report flying around the General Motors CEO Rick Wagoner is set to resign immediately. Below are some of the articles:
CNBC -General Motors Chairman and CEO Rick Wagoner is stepping down as head of the embattled automaker CNBC has learned Sunday.
AP - AP Source: GM CEO Wagoner to step down immediately
So what does this mean for General Motors ( GM ) stock on March 30, 2009? I would guess that this is a positive news development for the company. This guy failed as a CEO. When sports coaches do a horrible job, they get fired almost immediately. For some reason, this does not happen in the financial world. Take Mel Karmazin of Sirius XM Radio ( SIRI ) for example. All this guy did over the past 5 years was pump his stock and look where it is today. From $7 to almost bankrupt. Mel Karmazin is still the CEO, I don't get it!
Nevertheless, I think GM should do good on this news tomorrow!! Could new blood save GM? You can't do much worse!
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Showing posts with label Rick Wagoner. Show all posts
Showing posts with label Rick Wagoner. Show all posts
Sunday, March 29, 2009
Tuesday, September 23, 2008
( GM ) General Motors CEO turns to Google's Youtube.com
Today, General Motors is reaching out to investors in attempt to clarify where the company is headed going into the future. Rick Wagoner posted this Youtube video today.
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