Key senator calls for GM head to step down - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

*radz28* · 12-08-2008, 09:45 AM

No politics or this thread is bye-bye - please.

kanakattack · 12-08-2008, 11:10 AM

Straight from the source.
http://news.yahoo.com/s/nm/20081208/us_nm/us_gm_ad

josh1147 · 12-08-2008, 11:52 AM

While I do not support the call for removal of the Big 3 CEOs by Congress (who are just plain idiots, IMHO), who would you get to replace them?

No Business person of any caliber would pursue or want to step into any of these companies and have to deal with Congress, labor, fiscal, economic, sales, image, and the host of other problems.

No CEO would want his legacy to be, "I saved GM but had to cut 25,000 workers, slash pay, shutdown manufacturering divisions, and eliminate our dealer network".

I think the best decision would be to maintain current leadership and allow them to prove once again why they are in the positions they are in. These individuals did not get to where they are by being morons. Maybe they've just had their heads up their ass for a while but I'm pretty sure they have been extracted as of recent!!

Remember too that a "known evil" is sometimes better than the "unknown".

rmyers · 12-08-2008, 12:42 PM

His response should be...sure Senator Dodd. I will step down for my failures (at least the ones your perceive) at GM, as soon as you step down for your failure to regulate Fannie Mae and Freddie Mac which ultimately led to many of the problems we are seeing today.

*TAG UR IT* · 12-08-2008, 12:55 PM

Quote:

Originally Posted by camaropete

While it may be true that automaker execs have had their heads in the sand, where are the senators calling for the heads of the executives from the banking and investment industry? These guys are such hypocrites it makes me sick.

*Mr. Wyndham* · 12-08-2008, 12:55 PM

Wagoner makes like...2 million - I'm sure there've been bonuses, etc...but check out Forbes (I think)...they have a listing and ranking of various CEOs...Wagoners among the lowest paid in the Industry. Anyways, he's now making $1 with whatever stocks he hasn't forfieted. Wagoner's brilliant; and imho -- he MUST stay...

Wagoner was responsible for bringing in Lutz (who completely overhauled design and quality), he was the guy who got GM into expanding markets like China. All the current restructuring efforts took place under him, too. Ask anybody within the company what those efforts are; HUGE. And...btw - there would be no ZR1 without him...

There are, of course, mistakes that have been made. And I'd be naive to think that someone couldn't do Wagoner's job better. But if Dodd thinks he knows diddly about the Auto Industry to make an educated call for Wagoner's resignation...he's a fool. GM may be dead already if it wasn't for Wagoner...

EDIT:

Then there's this:
http://jalopnik.com/5103989/the-case...o-rick-wagoner

*The_Blur* · 12-08-2008, 02:19 PM

Quote:

Originally Posted by Dragoneye

Wagoner makes like...2 million - I'm sure there've been bonuses, etc...but check out Forbes (I think)...they have a listing and ranking of various CEOs...Wagoners among the lowest paid in the Industry. Anyways, he's now making $1 with whatever stocks he hasn't forfieted. Wagoner's brilliant; and imho -- he MUST stay...

Wagoner was responsible for bringing in Lutz (who completely overhauled design and quality), he was the guy who got GM into expanding markets like China. All the current restructuring efforts took place under him, too. Ask anybody within the company what those efforts are; HUGE. And...btw - there would be no ZR1 without him...

There are, of course, mistakes that have been made. And I'd be naive to think that someone couldn't do Wagoner's job better. But if Dodd thinks he knows diddly about the Auto Industry to make an educated call for Wagoner's resignation...he's a fool. GM may be dead already if it wasn't for Wagoner...

EDIT:

Then there's this:
http://jalopnik.com/5103989/the-case...o-rick-wagoner

No one called for a change in leadership after Pearl Harbor. To some extent or another this is an embarrassing failure of the whole American auto industry, and it can't be blamed on 3 CEOs and their entire staffs. Recklessly changing leadership like that will only lead to more mistakes and more problems. The people running the companies would be inexperienced or simply wrong for their positions. Leaders, while usually flawed in so many ways, are necessary to make things happen. GM has a good leader, and asking Wagoner to leave is pretty much handing the industry to Japan.

Those calling for the end of the American car industry are borderline traitors to their country's success and would gladly sabotage its future for their own personal gain.

*radz28* · 12-08-2008, 04:15 PM

Quote:

Originally Posted by The_Blur

No one called for a change in leadership after Pearl Harbor. To some extent or another this is an embarrassing failure of the whole American auto industry, and it can't be blamed on 3 CEOs and their entire staffs. Recklessly changing leadership like that will only lead to more mistakes and more problems. The people running the companies would be inexperienced or simply wrong for their positions. Leaders, while usually flawed in so many ways, are necessary to make things happen. GM has a good leader, and asking Wagoner to leave is pretty much handing the industry to Japan.

Those calling for the end of the American car industry are borderline traitors to their country's success and would gladly sabotage its future for their own personal gain.

storm79 · 12-08-2008, 06:55 PM

hmmm i see both sides....

Wagoner has done a good job amping the quality of the cars that are now produced and the designs and what not...

but also he didn't act quickly by cutting down production of suvs/trucks

storm79 · 12-08-2008, 06:55 PM

hmmm i see both sides....

Wagoner has done a good job amping the quality of the cars that are now produced and the designs and what not...

but also he didn't act quickly by cutting down production of suvs/trucks

swifttal · 12-09-2008, 02:58 AM

Quote:

Originally Posted by storm79

hmmm i see both sides....

Wagoner has done a good job amping the quality of the cars that are now produced and the designs and what not...

but also he didn't act quickly by cutting down production of suvs/trucks

But he did introduce a first-ever market of Hybrid SUVs - been post whoring this video tonight, sorry if you've already seen it. Great interview from Bob Lutz talking about GM quality (both products and management) Check it out

http://www.msnbc.msn.com/id/28110296

12-08-2008, 09:45 AM	#15
radz28 Petro-sexual Drives: Ultra-Grin Join Date: Oct 2006 Location: Crazy Coast Posts: 15,201 View My Garage	No politics or this thread is bye-bye - please. __________________ '20 ZL1 Black "Fury" A10, PDR, Exposed CF Extractor Magnuson Magnum DI TVS2650R // RFBG // Soler 103 // TooHighPSI Port Injection // THPSI Billet Lid // FF // Katech Drop-In // PLM Heat Exchanger // ZLE Cradle bushings // BMR Chassis-Suspension Stuff // aFe Bars // Diode Dynamics LEDs // ACS Composites Guards // CF Dash // Aeroforce // tint // other stuffs

12-08-2008, 12:55 PM	#20
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,876 View My Garage	Wagoner makes like...2 million - I'm sure there've been bonuses, etc...but check out Forbes (I think)...they have a listing and ranking of various CEOs...Wagoners among the lowest paid in the Industry. Anyways, he's now making $1 with whatever stocks he hasn't forfieted. Wagoner's brilliant; and imho -- he MUST stay... Wagoner was responsible for bringing in Lutz (who completely overhauled design and quality), he was the guy who got GM into expanding markets like China. All the current restructuring efforts took place under him, too. Ask anybody within the company what those efforts are; HUGE. And...btw - there would be no ZR1 without him... There are, of course, mistakes that have been made. And I'd be naive to think that someone couldn't do Wagoner's job better. But if Dodd thinks he knows diddly about the Auto Industry to make an educated call for Wagoner's resignation...he's a fool. GM may be dead already if it wasn't for Wagoner... EDIT: Then there's this: http://jalopnik.com/5103989/the-case...o-rick-wagoner __________________ *"Keep the faith."* - Fbodfather

12-08-2008, 06:55 PM	#23
storm79 Drives: 2007 GMC Sierra Join Date: Jul 2007 Location: Middle of nowhere Posts: 281	hmmm i see both sides.... Wagoner has done a good job amping the quality of the cars that are now produced and the designs and what not... but also he didn't act quickly by cutting down production of suvs/trucks __________________

12-08-2008, 06:55 PM	#24
storm79 Drives: 2007 GMC Sierra Join Date: Jul 2007 Location: Middle of nowhere Posts: 281	hmmm i see both sides.... Wagoner has done a good job amping the quality of the cars that are now produced and the designs and what not... but also he didn't act quickly by cutting down production of suvs/trucks __________________

12-08-2008, 11:10 AM	#16
kanakattack Drives: wife's xterra Join Date: Oct 2008 Location: Hawai'i Posts: 99	Straight from the source. http://news.yahoo.com/s/nm/20081208/us_nm/us_gm_ad

12-08-2008, 11:52 AM	#17
josh1147 Delivered 29June09 Drives: Early Order Camaro Join Date: Nov 2008 Location: St. Louis, MO Posts: 411 View My Garage	While I do not support the call for removal of the Big 3 CEOs by Congress (who are just plain idiots, IMHO), who would you get to replace them? No Business person of any caliber would pursue or want to step into any of these companies and have to deal with Congress, labor, fiscal, economic, sales, image, and the host of other problems. No CEO would want his legacy to be, "I saved GM but had to cut 25,000 workers, slash pay, shutdown manufacturering divisions, and eliminate our dealer network". I think the best decision would be to maintain current leadership and allow them to prove once again why they are in the positions they are in. These individuals did not get to where they are by being morons. Maybe they've just had their heads up their ass for a while but I'm pretty sure they have been extracted as of recent!! Remember too that a "known evil" is sometimes better than the "unknown".

12-08-2008, 12:42 PM	#18
rmyers Drives: Both American Made Join Date: Feb 2008 Location: Texas Posts: 781	His response should be...sure Senator Dodd. I will step down for my failures (at least the ones your perceive) at GM, as soon as you step down for your failure to regulate Fannie Mae and Freddie Mac which ultimately led to many of the problems we are seeing today.