Monday, December 08, 2008

Outside Pressure Grows for GM to Oust Wagoner - WSJ.com

Outside Pressure Grows for GM to Oust Wagoner - WSJ.com: “DETROIT -- General Motors Corp. Chairman and Chief Executive Rick Wagoner is coming under increasing pressure from outside the company to resign as part of any broad bailout of the auto maker by the federal government.

On Sunday, Sen. Christopher Dodd (D., Conn.), a supporter of emergency loans for Detroit, suggested Mr. Wagoner should go if the government follows through and provides billions of dollars to help the auto giant restructure and return to profitability.”

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