Netphoria Message Board


Go Back   Netphoria Message Board > Archives > General Chat Archive
Register Netphoria's Amazon.com Link Members List Mark Forums Read

 
 
Thread Tools Display Modes
Old 03-29-2009, 07:56 PM   #1
Nimrod's Son
Master of Karate and Friendship
 
Nimrod's Son's Avatar
 
Location: in your butt
Posts: 72,965
Default How's your fascism today?

GM CEO STEPPING DOWN - New York Post

GM CEO STEPPING DOWN
QUITS AT WHITE HOUSE'S REQUEST
ASSOCIATED PRESS

http://www.nypost.com/seven/03292009/photos/wagoner.jpg
Rick Wagoner



Last updated: 6:16 pm
March 29, 2009
Posted: 5:16 pm
March 29, 2009
DETROIT -- General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday. The news comes as President Obama prepares to unveil additional restructuring efforts designed to save the domestic auto industry.
The officials asked not to be identified because details of the restructuring plan have not yet been made public. On Monday, Obama is to announce plans to restructure GM and Chrysler LLC in exchange for additional government loans. The companies have been living on $17.4 billion in government aid and have requested $21.6 billion more.
Wagoner, 56, joined the company in 1977, serving in several capacities in the U.S., Brazil and Europe. He has been chairman and chief executive since May 1, 2003.
Obama said Sunday that GM and Chrysler and all those with a stake in their survival need to take more hard steps to help the struggling automakers restructure for the future.
In an interview with CBS' "Face the Nation" broadcast Sunday, Obama said the companies must do more to receive additional financial aid from the government.
"They're not there yet," he said.
A person familiar with Obama's plans said last week they would go deeper than what the Bush administration demanded when it approved the initial loans last year.
Wagoner's departure indicates that more management changes may be part of the deal. Wagoner has repeatedly said he felt it was better for the company if he led it through the crisis.
Wagoner, in an interview with The Associated Press in December, declined to speculate on suggestions from some members of Congress that GM's leadership team should step down as part of any rescue package.
"I'm doing what I do because it adds a lot of value to the company," Wagoner said in a Dec. 4 interview as GM sought federal aid from the Bush administration. "It's not clear to me that experience in this industry should be viewed as a negative but I'm going to do what's right for the company and I'll do it in consultation with the (GM) board (of directors)."

 
Nimrod's Son is offline
Old 03-29-2009, 08:14 PM   #2
hnibos
Braindead
 
hnibos's Avatar
 
Location: I was just reading, right?
Posts: 15,016
Default

watch your back, CEO's

 
hnibos is offline
Old 03-29-2009, 08:23 PM   #3
sppunk
Netphoria's George Will
 
sppunk's Avatar
 
Location: Fenway Park
Posts: 37,109
Default

What the fuck is going on?

 
sppunk is offline
Old 03-29-2009, 09:06 PM   #4
Nimrod's Son
Master of Karate and Friendship
 
Nimrod's Son's Avatar
 
Location: in your butt
Posts: 72,965
Default

Quote:
Originally Posted by sppunk View Post
What the fuck is going on?
I told you. Fascism.

 
Nimrod's Son is offline
Old 03-30-2009, 12:56 AM   #5
Mariner
OB-GYN Kenobi
 
Location: the sea
Posts: 17,020
Exclamation

Quote:
Originally Posted by hnibos View Post
watch your back, CEO's

yeah, you never know when hnibos will jump out from a dark alleyway and stab you in the O with an unnecessary apostrophe

 
Mariner is offline
Old 03-30-2009, 01:01 AM   #6
beef curtains
Immortal
 
beef curtains's Avatar
 
Location: I like me so much better when you're naked
Posts: 21,752
Default

Quote:
Originally Posted by Mariner View Post
yeah, you never know when hnibos will jump out from a dark alleyway and stab you in the O with an unnecessary apostrophe
*chortle*

 
beef curtains is offline
Old 03-30-2009, 01:01 AM   #7
beef curtains
Immortal
 
beef curtains's Avatar
 
Location: I like me so much better when you're naked
Posts: 21,752
Default

isn't it obvious?? Obama was just using us to get him elected so he could become the car CEO he's always dreamed of being

 
beef curtains is offline
Old 03-30-2009, 01:09 AM   #8
ryan patrick
Apocalyptic Poster
 
Posts: 3,520
Default

this isn't what fascism is.

 
ryan patrick is offline
Old 03-30-2009, 01:22 AM   #9
Mariner
OB-GYN Kenobi
 
Location: the sea
Posts: 17,020
Default

ryan patrick you just typed 'is' like 9 times

 
Mariner is offline
Old 03-30-2009, 02:24 AM   #10
killtrocity
Saturday Night Goth
 
killtrocity's Avatar
 
Location: POLLOS
Posts: 9,067
Default

Quote:
Originally Posted by ryan patrick View Post
this isn't what fascism is.
...

 
killtrocity is offline
Old 03-30-2009, 03:15 AM   #11
wHATcOLOR
THIS IS AWESOME!!!!!!!!!!
 
wHATcOLOR's Avatar
 
Location: || MY NAME IS KIIIIIIIIIIIIIIIIIIIIIIIIIIIID ROCK!!
Posts: 47,088
Default

i know this ground has been sufficiently covered, but for the love of god, i wish they would just let the companies fail

 
wHATcOLOR is offline
Old 03-30-2009, 04:10 AM   #12
Eulogy
huh
 
Posts: 62,456
Default

yeah! let's impeach the fascist socialist bastard! yaarrrr!

 
Eulogy is offline
Old 03-30-2009, 04:11 AM   #13
Eulogy
huh
 
Posts: 62,456
Default

anyway, wagoner is a fucking hack. anything to get him out of his job is probably better for the country in the long run.

 
Eulogy is offline
Old 03-30-2009, 11:26 AM   #14
Mayfuck
Banned
 
Location: i'm from japan also hollywood
Posts: 57,805
Default

Remember the first 6 months nimrod started posting here everyone thought he was 12 until it was revealed he was 36

 
Mayfuck is offline
Old 03-30-2009, 11:39 AM   #15
redbreegull
Just Hook it to My Veins!
 
redbreegull's Avatar
 
Location: WILD BOY
Posts: 32,108
Default

Fascists don't usually ask, Nimrod.

 
redbreegull is offline
Old 03-30-2009, 01:25 PM   #16
Nimrod's Son
Master of Karate and Friendship
 
Nimrod's Son's Avatar
 
Location: in your butt
Posts: 72,965
Default

The first step in fascism is where the government begins to take over and partially own and run and dictate to businesses. Look at your history. I mean, national corporatism is one of the basic economic tenets of fascism....

 
Nimrod's Son is offline
Old 03-30-2009, 01:47 PM   #17
duovamp
Brazilian Blouselord
 
duovamp's Avatar
 
Location: heavy metal pool party
Posts: 35,749
Default

This came three years too late. You don't keep a CEO around if he sucks. You hire a CEO because that person should make your company most profitable. He only maintained his position as CEO in the first place because he was friends with more idiot board members.

He was bringing down that moronic company. Since he took charge, GM stocks have dropped... 98%. He needed to go but could not be cut off.

Still though, I don't think he's at home crying about his millions of dollars in the bank and Harvard business school diploma. I'd imagine it's more like "LOL GG GM!!" than "Those fascists took mah job!"

 
duovamp is offline
Old 03-30-2009, 01:48 PM   #18
duovamp
Brazilian Blouselord
 
duovamp's Avatar
 
Location: heavy metal pool party
Posts: 35,749
Default

I just wish that idiot Bob Lutz would step up. He's priceless. For years he's been another public embarrassment to GM.

 
duovamp is offline
Old 03-30-2009, 01:52 PM   #19
28if
Apocalyptic Poster
 
28if's Avatar
 
Location: yeah seriously i think we've more than established a consensus on reality, it's not that abstract.
Posts: 3,454
Default

Quote:
Originally Posted by Mayfuck View Post
Remember the first 6 months nimrod started posting here everyone thought he was 12 until it was revealed he was 36
lol I can see this.

 
28if is offline
Old 03-30-2009, 01:52 PM   #20
duovamp
Brazilian Blouselord
 
duovamp's Avatar
 
Location: heavy metal pool party
Posts: 35,749
Default

Furthermore, even Fukui-san is stepping down, who was extremely well regarded for the last couple of years for being such a great businessman and engineer. Sometimes you just have to cycle CEOs to keep up with the times.

Nardelli's just a complete joke, I'd have quit on day one if I were him.

Mulally is the only domestic CEO worthy of any respect, because he actually had a direction that required QUALITY. Instead of bitching about costs he focused on profits, unlike GM.

 
duovamp is offline
Old 03-30-2009, 02:21 PM   #21
Nimrod's Son
Master of Karate and Friendship
 
Nimrod's Son's Avatar
 
Location: in your butt
Posts: 72,965
Default

Quote:
Originally Posted by duovamp View Post
This came three years too late. You don't keep a CEO around if he sucks. You hire a CEO because that person should make your company most profitable. He only maintained his position as CEO in the first place because he was friends with more idiot board members.

He was bringing down that moronic company. Since he took charge, GM stocks have dropped... 98%. He needed to go but could not be cut off.

Still though, I don't think he's at home crying about his millions of dollars in the bank and Harvard business school diploma. I'd imagine it's more like "LOL GG GM!!" than "Those fascists took mah job!"
that's not really the point.. the point is that the white house is trying to now run private businesses in the US. regardless ifthe guy was/is a fucking shitty CEO, it is not the responsibility or right of the federal government to dictate the terms of his dismissal.

 
Nimrod's Son is offline
Old 03-30-2009, 02:29 PM   #22
duovamp
Brazilian Blouselord
 
duovamp's Avatar
 
Location: heavy metal pool party
Posts: 35,749
Default

If you're going to beg for money from the government, you expect it to just fall into your hands? Isn't that the kind of handout someone like you would hate?

 
duovamp is offline
Old 03-30-2009, 02:30 PM   #23
duovamp
Brazilian Blouselord
 
duovamp's Avatar
 
Location: heavy metal pool party
Posts: 35,749
Default

You seem to be forgetting that GM sought the government's help. The government didn't just show up one day and try to push Wagoner out of a job.

 
duovamp is offline
Old 03-30-2009, 02:35 PM   #24
Nimrod's Son
Master of Karate and Friendship
 
Nimrod's Son's Avatar
 
Location: in your butt
Posts: 72,965
Default

Quote:
Originally Posted by duovamp View Post
If you're going to beg for money from the government, you expect it to just fall into your hands? Isn't that the kind of handout someone like you would hate?
I don't like ANY of the handouts. Let bad businesses fail, and better ones will take their place.

 
Nimrod's Son is offline
Old 03-30-2009, 02:36 PM   #25
Nimrod's Son
Master of Karate and Friendship
 
Nimrod's Son's Avatar
 
Location: in your butt
Posts: 72,965
Default

Quote:
Originally Posted by duovamp View Post
You seem to be forgetting that GM sought the government's help. The government didn't just show up one day and try to push Wagoner out of a job.
Yes, the government is using a financial crisis that they helped to cause in order to become shareholders in major US corporations and now are trying to dictate corporate policy, direction, and employment.

 
Nimrod's Son is offline
Old 03-30-2009, 02:37 PM   #26
Nimrod's Son
Master of Karate and Friendship
 
Nimrod's Son's Avatar
 
Location: in your butt
Posts: 72,965
Default

BTW Obama's promise to "create jobs" I suppose now stands at -1 jobs.

 
Nimrod's Son is offline
Old 03-30-2009, 02:40 PM   #27
duovamp
Brazilian Blouselord
 
duovamp's Avatar
 
Location: heavy metal pool party
Posts: 35,749
Default

Quote:
Originally Posted by Nimrod's Son View Post
BTW Obama's promise to "create jobs" I suppose now stands at -1 jobs.
Ha, touche.

However GM's begging for money sounds more reasonable when you look at it like this:

"We need money because things got super crappy."
"I'm sorry to hear that. How can you guarantee I will get this money back?"
"Well, we will change from being crappy to good."
"How will you do that?"
"It will *******, among many things, firing our worthless CEO."

If you're going to beg for Barack's money you've got to show you will give it back, I guess.

 
duovamp is offline
Old 03-30-2009, 03:08 PM   #28
Future Boy
The Man of Tomorrow
 
Future Boy's Avatar
 
Posts: 26,965
Default

Quote:
Originally Posted by Nimrod's Son View Post
BTW Obama's promise to "create jobs" I suppose now stands at -1 jobs.
Wrong, his speeches have "saved" probably close to 2mil by now.

 
Future Boy is offline
Old 03-30-2009, 06:31 PM   #29
jm9843
Ownz
 
jm9843's Avatar
 
Posts: 645
Default

Wah, a shitty CEO was asked to step down and accepted the offer after not delivering on promises that he made as a condition of taking previous bailout monies. How sad.

He probably thanked the administration profusely for getting him the fuck out of there, the incompetent jerk.

Take up arms Nimrod, the sky is falli...err..our democracy is in mortal danger!!

 
jm9843 is offline
Old 04-09-2009, 11:56 AM   #30
Nimrod's Son
Master of Karate and Friendship
 
Nimrod's Son's Avatar
 
Location: in your butt
Posts: 72,965
Default

moveon.org: easily the voice of moderation. look past the complete fabrications and stretches of truth if you have to.

From: Daniel Mintz, MoveOn.org Political Action <[email protected]>
Subject: Fire them
Date: Wednesday, April 8, 2009, 4:31 PM

Click here to tell Treasury Secretary Geithner:
"We can't trust the same people who got us into this financial mess to help lead us out. Replace the leadership at the bailed-out banks, starting with Bank of America CEO Ken Lewis."

http://www.moveon.org/images/buttons...gnpetition.gifSign the petition
Dear MoveOn member, Last week the Obama administration took tough, decisive action with the auto industry, forcing the resignation of the CEO of General Motors.

The president knows that we can't trust the same folks who got us into this mess to help lead us out.

It's time to do the same for the banks. And the best way to start is by firing Bank of America CEO Ken Lewis. He's the worst of the worst.

Lewis's poor management helped ruin his company and our economy. Shareholders are calling him "reckless" and citing "disastrous missteps."1 Worse, Lewis accepted $45 billion in taxpayer bailout funds, but instead of using all the money to get the economy going again, he let $3.6 billion go to bonuses for top execs.2
There can't be real reform on Wall Street until the CEOs who brought down the banks we had to bail out are long gone.
Can you sign our petition asking Treasury Secretary Geithner replace the leadership at bailed out banks—starting with Ken Lewis? Clicking here adds your name:
http://pol.moveon.org/lewis//o.pl?id=15895-7087900-TXE8uYx&t=4

The petition says: "We can't trust the same people who got us into this financial mess to help lead us out. Replace the leadership at the bailed-out banks, starting with Bank of America CEO Ken Lewis." Lewis is the CEO of the biggest bank in the United States.3 If Secretary Geithner forces him to resign, it'll send a strong message to the rest of Wall St.: The era of zero accountability is over and reckless behavior that puts our economy at risk won't be tolerated.
Of all the folks who helped bring about the recession, Lewis is one of the worst:
  • Shareholders say he helped drive the company into the ground. Bank of America has lost billions—and 90% of its value—in part because Lewis "hastily arranged the ill-considered acquisition" of Merrill Lynch.4
  • Even after the crisis, he hasn't changed his ways. He ensured that high-level staff received bonuses—despite recent announcements that the bank was laying off another 35,000 employees.5
  • On top of all this, he's fighting against more rights for workers. Three days after receiving $25 billion in bailout money, Bank of America brought together powerful banking interests to figure out how to defeat the Employee Free Choice Act, a bill that makes it easier for workers to form unions.6
Ken Lewis has got to go. And we need to look closely at the other bailed-out banks that may need new leadership too.
Our friends at Service Employees International Union (the country's fastest-growing union) have been leading this campaign for a few weeks—and they're building momentum quickly. If hundreds of thousands of us act, together, we'll be impossible to ignore. Please sign today!

http://pol.moveon.org/lewis//o.pl?id=15895-7087900-TXE8uYx&t=5

Thanks for all you do. –Daniel, Patrick S., Eli, Lenore and the rest of the team
Sources:
1. "Investment group calls on BofA to fire Ken Lewis," WCNC, March 5, 2009
http://www.moveon.org/r?r=51294&id=15895-7087900-TXE8uYx&t=6
"Union to B of A: Fire Ken Lewis or Risk a Shareholder Revolt," Talking Points Memo, March 5, 2009
http://www.moveon.org/r?r=51295&id=15895-7087900-TXE8uYx&t=7
2. "Thain tells investigators BofA's Ken Lewis knew of bonuses," CNN Money, February 20, 2009
http://www.moveon.org/r?r=51285&id=15895-7087900-TXE8uYx&t=8
3. "Bank of America CEO Ken Lewis scores another deal," Fortune, September 15, 2008
http://www.moveon.org/r?r=51289&id=15895-7087900-TXE8uYx&t=9
4. "Investment group calls on BofA to fire Ken Lewis," WCNC, March 5, 2009
http://www.moveon.org/r?r=51294&id=15895-7087900-TXE8uYx&t=10
5. "Ken Lewis, What's Really in Your Company's Best Interest?" SEIU Blog, February 12, 2009
http://www.moveon.org/r?r=51290&id=15895-7087900-TXE8uYx&t=11
6. "Bailout Recipients Hosted Call to Defeat Key Labor Bill," Huffington Post, January 27, 2009
http://www.moveon.org/r?r=51292&id=15895-7087900-TXE8uYx&t=12
Want to support our work? We're entirely funded by our 5 million members—no corporate contributions, no big checks from CEOs. And our tiny staff ensures that small contributions go a long way. Chip in here.

PAID FOR BY MOVEON.ORG POLITICAL ACTION, MoveOn.org Political Action: Democracy in Action. Not authorized by any candidate or candidate's committee. This email was sent to Michael McLain on April 8, 2009. To change your email address or update your contact info, click here. To remove yourself from this list, click here. http://open.moveon.org/o.gif?id=15895-7087900-TXE8uYx

 
Nimrod's Son is offline
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is Off
HTML code is On
Google


Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
I can't believe I live in the same time line as Billy Corgan czr Pumpkins Archive 28 08-20-2008 04:25 PM
who missed sh sh shayne? sh sh shayne General Chat Archive 32 02-13-2008 01:19 AM
I can't stop listening to beyonce in spanish. Geek USA General Chat Archive 21 01-31-2007 09:11 PM
TOP CHEF! Geek USA General Chat Archive 44 01-09-2007 01:32 AM


All times are GMT -4. The time now is 11:17 AM.




Smashing Pumpkins, Alternative Music
& General Discussion Message Board and Forums
www.netphoria.org - Copyright 1998-2022