Rick Wagoner, GM CEO, Steps Down

Rick Wagoner has been under the microscope as of late. On Sunday, his reign as the CEO of General Motors came to an abrupt end. Wagoner’s resignation followed a direct request from the White House for him to vacate his spot at the top of the embattled company. Soon, President Barack Obama is expected to announce the GM restructuring plans.
GM has struggled massively to survive the difficult economy times faced by the United States and the rest of the world. With consumers having less disposable income, less new cars are being purchased. Combine that fact with an amazingly high overhead …read more