Why I fired GM’s CEO

uploaded: 10/26/09 12:47

source: CNNMoney on AOL

Why I fired GM’s CEO

Steve Rattner, the former head of Treasury’s auto task force, explains why Rick Wagoner had to go, in order to save GM.

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Added: 10/26/09
Source: CNNMoney on AOL
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Comments: 1
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Mortg3 12:14:58PM Nov 2th 2009

having spent 50 plus years int auto industry ,and haven resigned chrysler corp and chevy dealerships,itold executives how poor their management was. Profit objectives were always short term.Investment in customers was never considered.Any executive who didnt buy the company line was lost in the corporate morass.Agree,agree,agree was the path to advancement. To me,and iacted with my money ,the outcomes were inevetable.

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