April 1, 2009
So let me get this straight.
Pursuant to getting bailed out by the United States government, the CEO of General Motors, Wagoner, is forced to resign his position, even though he had agreed to take a salary of $1. And he was a lifetime GM company schlub, who spent decades working his way up to CEO after starting as some kind of fucking accounting functionary.
But the CEO of Chrysler–also getting its sorry ass bailed out by the US government, Nardelli, gets to stay. Nardelli is your typical master-of-the-universe corporate raider sleazeball, who has flitted from company to company, fucking up everything in his path in exchange for obscene BOD reacharounds.
Nice fucking optics there.