GM CEO resigns after Obama demands it ???Germany 1939???

GM CEO resigns after Obama demands it

March 30th, 2009

 

By MIKE ALLEN & JOSH GERSTEIN, Politico

Obama is running GM from the White House

Obama is running GM from the White House and fires Wagoner

The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.

On Monday, President Barack Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by GM and Chrysler. The plan is based on recommendations from the Presidential Task Force on the Auto Industry, headed by the Treasury Department.

The White House confirmed Wagoner was leaving at the government’s behest after The Associated Press reported his immediate departure, without giving a reason.

General Motors issued a vague statement Sunday night that did not officially confirm Wagoner’s departure.

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