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Today's Nuze

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

THE NEXT CEO ON THE CHOPPING BLOCK

By
Neal Boortz
@ April 1, 2009 8:25 AM
Permalink | Comments (7) | TrackBacks (0)

Well ... Obama has already gotten his way with the auto industry by ousting Rick Wagoner. So who will be next? Wagoner certainly won't be the only sacrificial lamb.

If the Service Employees International Union had its way .. the next one up to the chopping block would be Bank of America CEO Ken Lewis. The president of the union says, "It defies logic, common-sense, and responsible governance to punish the auto industry while letting financial institutions off the hook ... Firing GM's CEO is a positive step towards restructuring a broken industry .... But the Obama Administration needs to apply the same lesson to the financial sector: replace failed leadership and shepherd the industry into a new era."

The unions are working a power play here. Success in engineering the firing of Bank of America's CEO would result in a massive increase in power for union leaders. Then the unions can set about seeking punishment for any business leaders out there that they perceive as unfriendly to unions. This would, of course, include any business leaders working against the union's precious card check bill.

Did you know that Obama is supposed to be the most powerful player in business? Doesn't this blending of the government and business sector bother you just a little bit?

By the way ... why does the president of the United Auto Workers still have a job? Surely Obama recognizes (if he won't acknowledge) the role of the labor unions in destroying our automakers. Now if that doesn't qualify to be the stupid question of the day, then I certainly have no idea what would. Democrats - unions. Waggoner contributed heavily to Republicans. Do the math.



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What others are saying

  • No sympathy from me
    for these companies that take government money (and NOT the ones that were forced to take it). I have no sympathies for them or what government mandates of them. They shouldn't get in bed with commies and then whine about the demands. Let this be a lesson for all of them or any others that think a bailout is their savior.
  • Policital Contributions
    A list of Waggoner's political contributions: http://www.newsmeat.com/ceo_political_donations/G_Richard_Wagoner.php

    Seems he gave to both parties, though he is a Romney supporter.
  • Next to go
    Take note. The next "CEO's" on the chopping block are those in BO's bunch dirtying up DC.
  • I'm comforted
    to know that the president of the US has taken it upon himself to judge the private sector. Let's hope he keeps up with his presidential duties (firing CEOs and traveling the world on taxpayer funds, using our military to do it). Way to be a stereotype, Barack.
  • CEO chopping block
    I don't blame Obama for this madness, I blame Wagoner. He should never have agreed to step down. Everyone says Obama shouldn't have the power to fire a CEO. Well, he doesn't. Plain and simple in my book.

    This is nothing more than government extortion. So a note to all those CEO's who might be on the "chopping block": Do us all a favor and tell the government where to stick it. Then do us another favor, and get out from under the government's thumb by returning the TARP funds you probably didn't need in the first place.
  • Maybe Obama should also fire the president of the UAW.
    Maybe the president of the United Auto Workers (UAW), Ron Gettelfinger, should also be on Obama's chopping block as a condition for the automakers receiving more taxpayer bailout money. The UAW is a BIG reason why the American automakers are in the financial situation we see today.
  • Another Rookie mistake
    Once again, the newbie has 'screwed the pooch'. Did he bother to check with people in the business world to see if the firing of Waggoner made sense outside the Beltway? Is there a qualified replacement available? Does Obama even understand how difficult it is to find a CEO for a company that size? Of course not. Is he aware that the Union leaders at GM might have had something to do with the current situation? It ain't all the guy at the helm. I think GM makes good cars and trucks despite what Democrats say about U.S. companies making 'cars nobody wants'! JD Power agrees with me. The economy and the scale of GM's operation is what hurts them. Add to that, the obligations that were made before Waggoner to the retired and union workers. They helped put GM in this position by demanding benefits that GM was hard pressed to cover when the balance sheet was good. I don't hate unions, I just think they are their own worst enemy. If we had to deal with unions in my industry, I think most owners would close up shop. Having more Government oversight isn't the answer either. Are people starting to understand why having Democrats in charge wasn't much of an alternative?
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