Obama forces GM CEO resignation - GoFuckYourself.com

Splum · 03-29-2009, 05:18 PM

What the fuck is going on in this country when the President of the United States can FORCE a CEO of a company to resign? I mean the guy did nothing illegal, he may have been a poor CEO or mad bad decisions but last time I checked this wasnt a communist nation.

http://www.freep.com/article/2009032...31-year+career

David! · 03-29-2009, 05:20 PM

They gonna put MC Hammer as CEO, he got the "right" credentials

Iron Fist · 03-29-2009, 05:25 PM

When Joe Public owns your ass, well, I guess he can do what he wants.. and firing the CEO is one of those things I guess!

Keep going Obama! Get em all!

cybermike · 03-29-2009, 05:25 PM

Splum.. they are asking for billions of our tax dollars.. so can't the government set some conditions for that money?

SomeCreep · 03-29-2009, 05:25 PM

Rick Wagoner had his chance. Under his leadership, GM lost billions of dollars in market cap. GM needs someone who can successfully downsize the company to a level that is realistic with US demand for automobiles.

Splum · 03-29-2009, 05:29 PM

Quote:

Originally Posted by sharphead

When Joe Public owns your ass, well, I guess he can do what he wants.. and firing the CEO is one of those things I guess! Keep going Obama! Get em all!

What are you talking about, GM is a publicly traded company. The government LOANED GM money they didnt BUY stock. You want to know the real reason? Because STOCKS normally go UP when a CEO resigns which gives the company more money AND Im sure some of Obamas friends will make a nice nickel when they sell their shares tomorrow.

USUALENT · 03-29-2009, 05:30 PM

well the president can make workers go back to work... refer to ups strike

but this is first I heard of firing

INever · 03-29-2009, 05:30 PM

fuck yeah!

But I'm sure Wagoner's retirement will be awesome (private jet, mansion(s), harem, daily massages, vintage wine, etc)....

Splum · 03-29-2009, 05:31 PM

Quote:

Originally Posted by SomeCreep

Rick Wagoner had his chance. Under his leadership, GM lost billions of dollars in market cap. GM needs someone who can successfully downsize the company to a level that is realistic with US demand for automobiles.

You dont get it do you, THE PRESIDENT OF THE UNITED STATES OF AMERICA DEMANDED A PRIVATE CITIZEN LEAVE A PUBLICLY TRADED COMPANY. Are you willing to die for this President? Better ask yourself that seriously because its a real possibility.

Sly · 03-29-2009, 05:31 PM

If the government hadn't bailed him out, he would have been gone anyway.

Maybe these CEOs should be kicked out at the onset of any bailout request... would that keep all of this begging to a minimum?

I don't believe in the government telling businesses how to run their management... but I don't believe in the government giving shitty businesses money to keep running their shitty company either.

Splum · 03-29-2009, 05:32 PM

Quote:

Originally Posted by Sly

If the government hadn't bailed him out, he would have been gone anyway. Maybe these CEOs should be kicked out at the onset of any bailout request... would that keep all of this begging to a minimum? I don't believe in the government telling businesses how to run their management... but I don't believe in the government giving shitty businesses money to keep running their shitty company either.

Its a fucking smoke screen and favors anyways, you think Obama is doing this for OUR benefit? I hope they dont come for your business and try to determine what is right for you.

mmcfadden · 03-29-2009, 05:33 PM

bottom line though... our kids will pay the highest taxes you have ever seen!!

mynameisjim · 03-29-2009, 05:39 PM

Nobody knows the story. He may have offered to leave during the negotiations. This is a guy that fucks up companies and still has more money than anybody here can dream of. He clearly knows how to take care of himself first and foremost so he may see sticking with GM as a lose-lose.

SomeCreep · 03-29-2009, 05:41 PM

Quote:

Originally Posted by Splum

You dont get it do you, THE PRESIDENT OF THE UNITED STATES OF AMERICA DEMANDED A PRIVATE CITIZEN LEAVE A PUBLICLY TRADED COMPANY.

It's a little more complicated than that. I'd explain it to you, but I'm pretty sure you already have your mind set on whatever you believe.

Helix · 03-29-2009, 05:42 PM

It sure has the appearance that another of our industries is being nationalized.
The march towards socialism continues.

Splum · 03-29-2009, 05:46 PM

Quote:

Originally Posted by SomeCreep

It's a little more complicated than that. I'd explain it to you, but I'm pretty sure you already have your mind set on whatever you believe.

There is nothing complicated about it, the company should be DENIED any public taxpayer money period and allowed to fail. That is a much better solution than taking our money to give yourself and your friends more power. So let me ask you this, who do you think is better qualified to spend tax payer money.

seven · 03-29-2009, 05:49 PM

if you asked me for a fucking loan I'd tell you to bend over and suck your own dick.. don't want to do that? go make your own fucking money! BEGGARS CAN'T BE CHOOSY! GM CEO is lucky Obama didn't want to shove their corporate jets in his ass ;)

Splum · 03-29-2009, 05:50 PM

Quote:

Originally Posted by seven

if you asked me for a fucking loan I'd tell you to bend over and suck your own dick.. don't want to do that? go make your own fucking money! BEGGARS CAN'T BE CHOOSY! GM CEO is lucky Obama didn't want to shove their corporate jets in his ass ;)

It isnt Obama's money.

Rangermoore · 03-29-2009, 05:51 PM

For once I do agree with obama, the guy should step down as ceo. His company is asking for American tax dollars to keep going. I would fire him as well, he did a BAD job as ceo. And yes our kids will have to pay a very high price for this bailout...it's not fair. but nothing in life is...

notoldschool · 03-29-2009, 05:52 PM

Im sure he allready planned to go.

Splum · 03-29-2009, 05:58 PM

Quote:

Originally Posted by Rangermoore

For once I do agree with obama, the guy should step down as ceo. His company is asking for American tax dollars to keep going. I would fire him as well, he did a BAD job as ceo. And yes our kids will have to pay a very high price for this bailout...it's not fair. but nothing in life is...

Why would you give this company a loan anyways? They dont hold mortgages to homes. Allow the car companies to fail and let the free market correct itself. This is stupid no one can give me a good reason why the government is giving GM money anyways. Michigan unemployment is already in double digits, Detroit is a fucking bombed out shell of a city already, why is it going to make any difference?

Ill tell you why its going to make a difference, Obama doesnt want his unemployment numbers to truly reflect what is going on in this country. He wants to slow the bleeding so he can get re-elected.

So let me get this straight its ok that Obama is fucking your kids as long as he takes down a couple of rich people to satisfy your class warfare wishes? Sick, just sick.

seven · 03-29-2009, 05:58 PM

Quote:

Originally Posted by Splum

It isnt Obama's money.

Wow! U really got brains! U figured that out! So since it's your money why don't you just donate it to the poor poor GM CEO? Why whining dude just give it to him already!

Helix · 03-29-2009, 06:00 PM

Splum · 03-29-2009, 06:00 PM

Quote:

Originally Posted by seven

Wow! U really got brains! U figured that out! So since it's your money why don't you just donate it to the poor poor GM CEO? Why whining dude just give it to him already!

What the fuck are you talking about dipshit I wouldnt give the guy or his company a fucking cent.

Sausage · 03-29-2009, 06:00 PM

Socialism isn't all that bad, and you are already half way down the path anyway. Nothing any of you can do about it either, you are losing your rights at an alarming pace.

SpeakEasy · 03-29-2009, 06:02 PM

Splum the execs of GN basically bankrupted the company all the while made themselves rich. Then the govt gave them boatloads of money to "Hopefully" stay alive, reorganize and grow to a profitable business that employees thousand and thousands of people and also creates jobs for other industries at the same time that they need by doing biz with them like steal companies, tire companies etc..... So by Obama givint GM monet other than letting them close up shop we sure as hell can fire the dead weight that caused the companies demise.

seven · 03-29-2009, 06:07 PM

Quote:

Originally Posted by Splum

What the fuck are you talking about dipshit I wouldnt give the guy or his company a fucking cent.

I get it now! Because you are THE economist! You are our knight in shining armor. You are the savior. You understand much better how to get us out of recession than the stupid idiot in power! Dude, you should have told us that before the election, I would surely vote for you. Splum for the president of the U.S. of A. Yay! Dude seriously, you shouldn't waste your talent on GFY.. start marching towards D.C. already

Splum · 03-29-2009, 06:10 PM

Quote:

Originally Posted by SpeakEasy

Splum the execs of GN basically bankrupted the company all the while made themselves rich. Then the govt gave them boatloads of money to "Hopefully" stay alive, reorganize and grow to a profitable business that employees thousand and thousands of people and also creates jobs for other industries at the same time that they need by doing biz with them like steal companies, tire companies etc..... So by Obama givint GM monet other than letting them close up shop we sure as hell can fire the dead weight that caused the companies demise.

You have got it all wrong, these companies didnt fail because of the leadership of a few people they failed because of their social policies towards workers and unions. You cannot be competitive when you are paying your workers 4 times as much as foreign car companies. This guy would have been burned at the stake had he suggest a 75% pay cut for GM workers. One man leaving GM is not going to save it, public money will not save it either, only shedding of jobs will save it. Why arent you mad at Obama for giving YOUR money to failed businesses?

Splum · 03-29-2009, 06:11 PM

Quote:

Originally Posted by seven

Dude seriously, you shouldn't waste your talent on GFY.. start marching towards D.C. already

How do you know I DONT work for the government?

Adam_M · 03-29-2009, 06:12 PM

He did a shiity job! About time someone stepped in and did what was well over due.

Splum · 03-29-2009, 06:15 PM

Quote:

Originally Posted by Adam_WildCash

He did a shiity job! About time someone stepped in and did what was well over due.

You really think this one man is responsible for this?
http://finance.yahoo.com/echarts?s=G...urce=undefined

You cant be that ignorant.

seven · 03-29-2009, 06:17 PM

Quote:

Originally Posted by Splum

How do you know I DONT work for the government?

Because I work for the gov and I would know if you did too

Adam_M · 03-29-2009, 06:19 PM

Quote:

Originally Posted by Splum

You really think this one man is responsible for this?
http://finance.yahoo.com/echarts?s=G...urce=undefined

You cant be that ignorant.

No I don't think he is the only one who is responsible for totally fucking GM but cutting off the head is a good start!

Splum · 03-29-2009, 06:20 PM

Quote:

Originally Posted by Sausage

Socialism isn't all that bad, and you are already half way down the path anyway. Nothing any of you can do about it either, you are losing your rights at an alarming pace.

Quoted for truth and sadness for my country.

minddust · 03-29-2009, 06:20 PM

Whatever happen, we're going to get fucked anyway.

Fuck GM.

Splum · 03-29-2009, 06:21 PM

Quote:

Originally Posted by Adam_WildCash

No I don't think he is the only one who is responsible for totally fucking GM but cutting off the head is a good start!

And when they come for Wildcash whose head should we cut off?

MikeSmoke · 03-29-2009, 06:22 PM

Quote:

Originally Posted by Splum

What the fuck is going on in this country when the President of the United States can FORCE a CEO of a company to resign? I mean the guy did nothing illegal, he may have been a poor CEO or mad bad decisions but last time I checked this wasnt a communist nation.

http://www.freep.com/article/2009032...31-year+career

Try reading up on "jawboning" before you spew.

sortie · 03-29-2009, 06:23 PM

Hmmmmm?

Kicking ass and taking names in defense of tax dollars.....I like it.

Drake · 03-29-2009, 06:23 PM

Quote:

Originally Posted by Splum

This guy would have been burned at the stake had he suggest a 75% pay cut for GM workers. One man leaving GM is not going to save it, public money will not save it either, only shedding of jobs will save it.

If that's what it would have taken to make GM profitable, he should have done it. That's his job. ?

Major (Tom) · 03-29-2009, 06:24 PM

Quote:

Originally Posted by Splum

What the fuck is going on in this country when the President of the United States can FORCE a CEO of a company to resign? I mean the guy did nothing illegal, he may have been a poor CEO or mad bad decisions but last time I checked this wasnt a communist nation.

http://www.freep.com/article/2009032...31-year+career

I guess thats what can happen when you ask for money and get it. You are essentialy taking on a not so silent partner.
Duke

Drake · 03-29-2009, 06:26 PM

Quote:

Originally Posted by Splum

And when they come for Wildcash whose head should we cut off?

WildCash isn't begging for your tax dollars. They're running a tighter ship than GM.

Splum · 03-29-2009, 06:28 PM

Quote:

Originally Posted by MikeSmoke

Try reading up on "jawboning" before you spew.

Fuck you socialist pig and your "jawboning" just another word for what you believe in isnt it? Hey bitch try reading up on "The United States Constitution" before you spew.

http://www.law.cornell.edu/constitut....overview.html

Splum · 03-29-2009, 06:29 PM

Quote:

Originally Posted by Mike33

If that's what it would have taken to make GM profitable, he should have done it. That's his job. ?

Ask the unions and liberal groups that question.

Splum · 03-29-2009, 06:31 PM

Quote:

Originally Posted by DukeSkywalker

I guess thats what can happen when you ask for money and get it. You are essentialy taking on a not so silent partner. Duke

WE ARE THE PARTNER DUKE, not Obama. Firing Wagoner will do NOTHING it simply is a scape goat and will drive the stock price up for a day or two. Are you people all so blindly in Obama's pocket you can't see that this is wrong? This company shouldnt get ANOTHER PENNY of our money.

Splum · 03-29-2009, 06:33 PM

Quote:

Originally Posted by Mike33

WildCash isn't begging for your tax dollars. They're running a tighter ship than GM.

You are a bit scruffy perhaps this will help.

MikeSmoke · 03-29-2009, 06:35 PM

Quote:

Originally Posted by Splum

Fuck you socialist pig and your "jawboning" just another word for what you believe in isnt it? Hey bitch try reading up on "The United States Constitution" before you spew.

http://www.law.cornell.edu/constitut....overview.html

Right...because I point out what has been a historical power of a strong President during a crisis, I'm a socialist pig.

Sly · 03-29-2009, 06:38 PM

Quote:

Originally Posted by Splum

You really think this one man is responsible for this?
http://finance.yahoo.com/echarts?s=G...urce=undefined

You cant be that ignorant.

If you are willing to concede that one man (the CEO of GM) is not responsible for all of its institutions failures, would you also be willing to state that one man (President Obama) is not solely in charge or responsible for any of this countries successes or failures?

It's never "one man". But "one man" is essentially responsible and also held accountable for anything that happens. That's how it works.

Splum · 03-29-2009, 06:39 PM

Quote:

Originally Posted by MikeSmoke

Right...because I point out what has been a historical power of a strong President during a crisis, I'm a socialist pig.

What crisis? Oh the crisis that you cant pay your mortgage or credit card bills so you vote for a socialist president because you know he will take care of all that debt for you? Yes you are a socialist pig feeding off the money of others.

Splum · 03-29-2009, 06:43 PM

Quote:

Originally Posted by Sly

If you are willing to concede that one man (the CEO of GM) is not responsible for all of its institutions failures, would you also be willing to state that one man (President Obama) is not solely in charge or responsible for any of this countries successes or failures? It's never "one man". But "one man" is essentially responsible and also held accountable for anything that happens. That's how it works.

Sure if the BOARD OF DIRECTORS wants him fired I would support that, thats what happens in companies. The problem here is that THE GOVERNMENT IS DECIDING WHO IS BEST TO RUN THIS FAILED COMPANY. This is nationalization pure and simple and you obviously support it.

dyna mo · 03-29-2009, 06:53 PM

it's clear the OP didn't read the article and also is not educated about the history of such actions of u.s. presidents

from the article:

Quote:

As a condition for additional government aid to GM, the Obama administration asked Wagoner to step aside, which Wagoner agreed to do today, people familiar with the plan said. Wagoner’s move, effective immediately, ends a 31-year career with GM.

Not since President Franklin Roosevelt considered taking control of Ford Motor Co. in 1943 from a failing Henry Ford has the federal government pushed for such sway in the management of Detroit’s automakers.

03-29-2009, 05:18 PM	#1
Splum Confirmed User Join Date: May 2003 Location: USA Posts: 6,195	Obama forces GM CEO resignation What the fuck is going on in this country when the President of the United States can FORCE a CEO of a company to resign? I mean the guy did nothing illegal, he may have been a poor CEO or mad bad decisions but last time I checked this wasnt a communist nation. http://www.freep.com/article/2009032...31-year+career

03-29-2009, 05:20 PM	#2
David! By the wrath of Agamemnon Industry Role: Join Date: Apr 2004 Location: Miami Posts: 6,501	They gonna put MC Hammer as CEO, he got the "right" credentials __________________ .

03-29-2009, 05:25 PM	#3
Iron Fist Too lazy to set a custom title Join Date: Dec 2006 Posts: 23,400	When Joe Public owns your ass, well, I guess he can do what he wants.. and firing the CEO is one of those things I guess! Keep going Obama! Get em all! __________________ i like waffles

03-29-2009, 05:25 PM	#4
cybermike Confirmed User Join Date: Jan 2002 Location: Ny Posts: 4,118	Splum.. they are asking for billions of our tax dollars.. so can't the government set some conditions for that money? __________________ Hey surfers how about some The Best Porn Sites

03-29-2009, 05:25 PM	#5
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	Rick Wagoner had his chance. Under his leadership, GM lost billions of dollars in market cap. GM needs someone who can successfully downsize the company to a level that is realistic with US demand for automobiles. __________________ Webair Hosting I use and recommend Webair for hosting.

03-29-2009, 05:30 PM	#7
USUALENT Confirmed User Industry Role: Join Date: Feb 2009 Location: ATLANTA HOES Posts: 1,888	well the president can make workers go back to work... refer to ups strike but this is first I heard of firing __________________ 2 links on 300 sites for $150 Cheap Discounted Domains icq me for cheap perm link 468553619 black amateur videos

03-29-2009, 05:30 PM	#8
INever Confirmed User Join Date: Jan 2005 Location: .......in a niche, in orbit...... Posts: 3,676	fuck yeah! But I'm sure Wagoner's retirement will be awesome (private jet, mansion(s), harem, daily massages, vintage wine, etc).... __________________ I love Camdough

03-29-2009, 05:31 PM	#10
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,348	If the government hadn't bailed him out, he would have been gone anyway. Maybe these CEOs should be kicked out at the onset of any bailout request... would that keep all of this begging to a minimum? I don't believe in the government telling businesses how to run their management... but I don't believe in the government giving shitty businesses money to keep running their shitty company either. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

03-29-2009, 05:33 PM	#12
mmcfadden So Fucking Banned Join Date: Oct 2008 Location: philly Posts: 5,099	bottom line though... our kids will pay the highest taxes you have ever seen!!

03-29-2009, 05:39 PM	#13
mynameisjim Confirmed User Join Date: Aug 2007 Posts: 2,985	Nobody knows the story. He may have offered to leave during the negotiations. This is a guy that fucks up companies and still has more money than anybody here can dream of. He clearly knows how to take care of himself first and foremost so he may see sticking with GM as a lose-lose. __________________ jim (at) amateursconvert . com Amateurs Convert

03-29-2009, 05:42 PM	#15
Helix Confirmed User Join Date: Feb 2002 Location: Michigan Posts: 6,008	It sure has the appearance that another of our industries is being nationalized. The march towards socialism continues. __________________ Free OneHungLo !!! Free Baddog !!! Free Mr Pheer !!!

03-29-2009, 05:49 PM	#17
seven Confirmed User Join Date: Apr 2002 Location: LaLa Land Posts: 2,697	if you asked me for a fucking loan I'd tell you to bend over and suck your own dick.. don't want to do that? go make your own fucking money! BEGGARS CAN'T BE CHOOSY! GM CEO is lucky Obama didn't want to shove their corporate jets in his ass ;) __________________ Toy Rev Rouge Web Design

03-29-2009, 05:51 PM	#19
Rangermoore Confirmed User Industry Role: Join Date: Jan 2009 Location: EVERYWHERE Posts: 1,541	For once I do agree with obama, the guy should step down as ceo. His company is asking for American tax dollars to keep going. I would fire him as well, he did a BAD job as ceo. And yes our kids will have to pay a very high price for this bailout...it's not fair. but nothing in life is... __________________

03-29-2009, 05:52 PM	#20
notoldschool Confirmed User Join Date: Aug 2007 Posts: 5,687	Im sure he allready planned to go. __________________ No doubt one may quote history to support any cause, as the devil quotes scripture. -- Learned Hand http://www.bjpenn.com

03-29-2009, 06:00 PM	#23
Helix Confirmed User Join Date: Feb 2002 Location: Michigan Posts: 6,008	__________________ Free OneHungLo !!! Free Baddog !!! Free Mr Pheer !!!

03-29-2009, 06:00 PM	#25
Sausage Confirmed User Join Date: Oct 2002 Location: Australia Posts: 3,012	Socialism isn't all that bad, and you are already half way down the path anyway. Nothing any of you can do about it either, you are losing your rights at an alarming pace.

03-29-2009, 06:02 PM	#26
SpeakEasy Confirmed User Join Date: Sep 2002 Location: The Internet Posts: 2,681	Splum the execs of GN basically bankrupted the company all the while made themselves rich. Then the govt gave them boatloads of money to "Hopefully" stay alive, reorganize and grow to a profitable business that employees thousand and thousands of people and also creates jobs for other industries at the same time that they need by doing biz with them like steal companies, tire companies etc..... So by Obama givint GM monet other than letting them close up shop we sure as hell can fire the dead weight that caused the companies demise.

03-29-2009, 06:12 PM	#30
Adam_M Confirmed User Industry Role: Join Date: Mar 2006 Location: Australia Posts: 3,800	He did a shiity job! About time someone stepped in and did what was well over due. __________________ DiscountedPorn.Com ReviewedPorn.com

03-29-2009, 06:20 PM	#35
minddust Confirmed User Join Date: Feb 2005 Posts: 2,438	Whatever happen, we're going to get fucked anyway. Fuck GM.

03-29-2009, 06:23 PM	#38
sortie Confirmed User Industry Role: Join Date: Mar 2007 Posts: 7,771	Hmmmmm? Kicking ass and taking names in defense of tax dollars.....I like it. __________________