Rick Wagoneer Stepping Down at GM
 

BAD Looks like the Government take-over of GM is all but certain now.

Re: Rick Wagoneer Stepping Down at GM
 

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.)

Re: Rick Wagoneer Stepping Down at GM
 

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 $.

Re: Rick Wagoneer Stepping Down at GM
 

Oh yeah, GM made GREAT cars when the bean counters were in charge (1970's and 80's). Super move.

Re: Rick Wagoneer Stepping Down at GM
 

You could take 50 people here on this board with less pat that could run GM better than Wagner could do.

Re: Rick Wagoneer Stepping Down at GM
 

[ QUOTE ]
Looks like the Government take-over of GM is all but certain now.

[/ QUOTE ]


I believe you are correct https://www.yenko.net/ubbthreads/imag...ns/scholar.gif.....


Tommy https://www.yenko.net/ubbthreads/imag...ns/burnout.gif

Re: Rick Wagoneer Stepping Down at GM
 

He's probably using his nice golden parachute to soften the landing.

Re: Rick Wagoneer Stepping Down at GM
 

[ 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....

Re: Rick Wagoneer Stepping Down at GM
 

[ 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."

Re: Rick Wagoneer Stepping Down at GM
 

GM.....Government Motors.

Re: Rick Wagoneer Stepping Down at GM
 

Just heard he is leaving with $21mm in his pocket

Re: Rick Wagoneer Stepping Down at GM
 

He will be taxed at 90% if it's bonus stuff. I heard he will end up with 2 MILLION

Re: Rick Wagoneer Stepping Down at GM
 

[ 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. https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: Rick Wagoneer Stepping Down at GM
 

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!

Re: Rick Wagoneer Stepping Down at GM
 

[ 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. https://www.yenko.net/ubbthreads/imag...ins/tongue.gif

Re: Rick Wagoneer Stepping Down at GM
 

Considering what he has made the last decade, I think he will be OK with or without a severance package.

Re: Rick Wagoneer Stepping Down at GM
 

[ 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."

Re: Rick Wagoneer Stepping Down at GM
 

Also IT's great to be head of the UAW and get a populist pass...Ron Getteifinger..he should have gone also ..........