Home > Uncategorized > Rick Waggoner stepping down as GM CEO

Rick Waggoner stepping down as GM CEO

Interesting news, indeed.

Apparently, this was a condition for GM to receive more in government loans. That being said, my sympathy for Waggoner is minimal. GM is a sinking ship whose captain and lieutenants continue to ignore what needs to be done while still relying on stupidity to keep things afloat. It’s like a man whose bad cough is from lung cancer, but instead of getting chemo and possibly removal surgery he chooses to just use cough syrup instead.

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