"Stand by your man" might be an appropriate theme song for General Motors these days. Just a few days after GM's board of directors expressed their support of CEO Rick Wagoner, GM dealers have come out to say that they, too, support the company's big cheese, taking out a full page ad in the Wall Street Journal last Friday. Investors aren't so happy, however, which has put Rick on the interview circuit to defend his record. Let's hope the "bold steps" the dealers see Wagoner taking start to appease investors and revitalize consumer confidence in the company.
[Detroit Free Press]