Wagoner Had to Go

From WSJ: Wagoner Had to Go

What’s good for General Motors really is good for America after all. And vice versa.

That’s the best way to read the sad but necessary — in fact, long overdue — departure of General Motors CEO Rick Wagoner Sunday, at the behest of President Barack Obama’s Automotive Task Force. Give the Obama team credit, too, for replacing most of GM’s pet-rock board of directors, which put loyalty to Mr. Wagoner above duty to shareholders while the company imploded.


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