• Nov 14, 2008
General Motors' CEO, Rick Wagoner, who's been manning the helm for the last eight years and a part of its staff since 1977, has taken some heat for asking the Feds for a bailout. A possible condition for those funds may be the symbolic sacrificial death of its current leader, according to a slew of analysts polled by Bloomberg. Whether true of false, there seems to be a sense that the CEOs of U.S. automakers are some of "the dumbest people in the world," according to ex-Chrysler prez. Thomas Stallkamp. Ouch. Ford has stated that it doesn't need a bailout and Chrysler is actively looking for partners to keep itself alive.

In the last few months, when the government has bailed out institutions such as AIG, Fannie Mae and Freddie Mac, one stipulation was that its top management be replaced, and that sentiment may stick around if the Detroit 3 receive packages of their own. Although Wagoner isn't likely to step down willingly, he may not be given the choice if some legislators get their way. Here's an unanswered question, though... who would be the best man to replace him?

[Source: Bloomberg]


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  • 75 Comments
      • 6 Years Ago
      Roger Penske can save GM. He has the business savvy, the brand awareness and ability to drive and motivate others to success.

      Let The Captain run The General.
      • 6 Years Ago

      "Here's an unanswered question, though... who would be the best man to replace him?"

      Let me see ... hmmm ... I'm on it, I'm on it ... it's rolling ... OK, here it is: name number 5437 in Detroit phone book.
      • 6 Years Ago
      Replace Wagoner with Chip Foose.
        • 6 Years Ago
        Foose is a brilliant designer, but not a business leader. If I'm the CEO or Chairman of a car company, I would want Foose in charge of my design studio - or at least hired on as a consultant.

        • 6 Years Ago
        Sarah Palin

        She's Hot
      • 6 Years Ago
      I nominate Bob Lutz! We need an auto enthusiast at the helm!
        • 6 Years Ago
        Good for him. The LaCrosse and Lucerne are good cars. No, they're not my kind of cars, but just because an F-150 isn't my kind of vehicle either doesn't mean it isn't a good vehicle.
        • 6 Years Ago
        The idiot that runs HP now is bad enough - talk about demotivating the employee. I doubt Wagoner could be worse.
        • 6 Years Ago
        Oops, hit the wrong reply button
        • 6 Years Ago
        Lutz is an over-rated blowhard who has padded his resume and been instrumental in the bland products that we have to choose from at GM. His one claim to fame is removing plastic cladding from the lower flanks of Pontiacs - he admitted the LaCrosse and Lucerne from Buick are "his babies!". Look at his career and the way he rides the credit and coattails of others and takes credit for their achievements and then blames others for his failings. Lutz is one of the reasons GM is sinking. He is no solution!
      • 6 Years Ago
      Steve Jobs? :-P
        • 6 Years Ago
        Toyota is smug enough, we don't need another one.
      • 6 Years Ago
      all these auto excex are to dam greedy when they die the heirs get to fight over the money the lawyers make the money
      • 6 Years Ago

      I'm so sick and tired of hearing that GM builds cars and trucks that nobody wants, how then did they and still are the largest manufacturer of automobiles on the planet, win just about every award going, have the largest line up of fuel efficent cars of any auto company, do more r&d of all the other car companies combined, its not Wagoners fault that the banks evaporated and made money unavailable to people to buy cars.......you people have no idea how big GM really is, I could care less the dollar value of their shares, more importantly its the people that make their livelyhoods from this sector, the top management over the past few years........not months, years, have made the difficult adjustments and not without significant pain, the timing however of this other could not come at a worst time because it takes time for these improvements in business planning to tke hold, that's why they require the neccesary money, not bailout, but loans to get through this difficult period in our history.............hang in there!
      • 6 Years Ago
      Too bad Delorean is dead...
        • 6 Years Ago
        Replying with unrelated info, at the top comment, so you can be seen, is BS!
        • 6 Years Ago
        brink Jacque the knife to the auto industry
        • 6 Years Ago
        I'm sorry to budge in into your replies but i just want this appear up top so everyone can see this

        Why does everyone feel like it's necessary to copy cat all this fab crap like that stupid talk ( i likez and so on) to lame (epic fail) Don't you have some originality left in you or do you feel as if you need to use that fab to make up for your terrible catch phrase to get ppl to read your article?
      • 6 Years Ago
      How this idiot is still around is beyond me, he should have been thrown out years ago. Wagoneer is a typical example of what happens when you put accountants in charge of companies that produce a product.
      • 6 Years Ago
      I'll take over Wagoner's job and I'll only charge $250,000 per year. Too bad I took a buyout from GM in 2005 and signed paperwork that says I can never work there again.

      UH2L(.com)
      • 6 Years Ago
      What's Iacocca up to these days? He'd be a good choice, plus he's all into the EV thing and has a good rep with the government and paying back "loans".
        • 6 Years Ago
        And is willing to let people die to keep the company profitable.
        • 6 Years Ago
        Say what?
      • 6 Years Ago
      The union workers who get paid $60-$75 should take pay cuts too.
      That's too much to pay for a assembly worker.
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