- Mar 23, 2006
Flames burning brighter under feet of GM's Rick Wagoner
The beating of the drums calling for the head of [General Motors'] Rick Wagoner continues to crescendo. The embattled chief executive has been stung by a growing chorus of critics in light of the company's recent financial restatement in which it disclosed that the company had lost a further 2 billion dollars. As a former chief financial officer, pundits argue that it is particularly disturbing that a company helmed by a money-man would have such issues.
'The Rick' certainly has his supporters, David Cole, chair of the Center for Automotive Research among them. But the increasing criticism (and media coverage thereof) is exactly the sort of run-up that often presages a changing-of-the-guard.
Is Wagoner on his way out? If so, who will fill his unenviable shoes? Sound off in 'comments.'