Ousted CEO Rick Wagoner Still On GM's Payroll As Treasury Considers $20 Million Severance Package

Washington Post:

Seven weeks after the Treasury Department announced that it was ousting General Motors chief G. Richard Wagoner Jr. in the federal bailout of the company, he is still technically on GM's payroll.

Read the whole story: Washington Post

Comments

[mapleaforever]

Still waiting for his Dikipedia entry.

[fourex]

GM CEO, $20 million bonus, let me think this out, NO!

[NEWLYPOOR]

Not just NO,H. ELL NOooooo! Gawd! I'm so sick of MY money going to these LOSERS!

[martiniandabotoxchaser]

I want his job...no matter how much you mess up you get paid millions..­.ain't life grand.

[susan20515]

Wagoner must have learn this from UAW. They get paid when they are not working also.

[OneTop]

Sure, why not ?

Wagoner was the one who signed those UAW contracts.

I suppose the only difference is Wagoner is being paid a full 100% wage, unlike the folks who get temporarily laid off from the UAW.

[burt2009]

The American auto industry is all but toast as Obama sets new vehicle-emission rules.

[susan20515]

You will still be able to buy a car. Toyota just released the new Prius. It's awesome.

[StellaDuBois]

Ford's Fusion gets better mileage than the Prius. Chevy's Volt will also beat the Prius m.p.g. when it comes to market.

[American50]

http://www.georgiawomenformccain.org/ObamaCartoon_ObamaNation.gif

[marbou]

This new form of "WARPED CAPITALISM" makes Karl Marx giggle in his grave. Wagoner is the bonehead who cancelled the EV1 electric car in 2003. His company, which was way ahead of the competition as far as the electric car was concerned, lost its lead and has been regarded as retrograd ever since. Why this incompetent should be rewarded is beyond me.

[burt2009]

Yeah, electric cars is what is needed? Here in CA we never know when the power will go out. But then if everyone was driving an electric car that couldn't be charged, there would be no traffic jams. Good thinking libs. But of course no income as no one could get to work.

[rfshunt]

Uh, has there been power blackouts in CA since Dubya's buddies at Enron got busted for rigging the electricity market?

[burt2009]

Just reported on the most honest and truthful news network, FOX, Obama's car czar is building a 15 million dollar "summer home" while asking others to sacrafice.

[Obamalicious]

Are you serious? I hope you are kidding... If that is true, I hope ELF gets his address.

[Newthron]

What about his offshore bank account? He knows about tax evasion. . .the question is why this unamerican dude should get a dime?
A penny.

A slap in the face.

He helped to sink GM, and he wants some kind of financial recognition?
Cease all his assets, and leave his A$$ wet, from the water boarding punishment.

[jinxed]

NO! NO! NO! NO! What don't you understand, the "N" or the "O"? Screwups and failures should not be rewarded for being incompentent!

[Mintcondition]

I meant this IS

[Mintcondition]

This bs, What happened to the concern and outrage when the big wall street pimps collected from their t*icks?

[WierdWookie]

The woking Americans who lost their jobs and pensions will get a double whammy if the "Boss that Lost GM", gets 10 cents. How much money has this man taken from GM already? He has no consience.

[American50]

Please Mr O stay away from American Buisness

[robadeaux]

Please Mr A stay away from spell check

[American50]

Stay away from me...Becau­se you may be hurt

[MikeDu]

I say don't give him the severance, let him sue and win, then when GM goes through bankruptcy the settlement will be voided.

[Lilith33]

He needs bonus for sending the GM electric car to china.SCOR­E!! No more unions!

[Veganie]

If they can pay him $20 million; it confirms GM has been over charging for the cars they sell. This CEO lives in a mansion; I think it should be torn down and replaced with organic farming.