Wagoner is Gone

Its about time that the Administration forced out one incompetent chief executive, and GM's Wagoner is certainly deserving of this. It seems like the New York Times got the article about him in Today's paper from their obit vault. It is hard to disagree that Wagoner is in some sense a sacrificial lamb, a martyr to the public desire for blood before dumping money on these unfortunate zombie manufacturers. He was, however, a disaster as an executive. For all GM's problems when he took over, they still had a good legacy position in the marketplace and made tons of money. Now they don't, their market share is down and who can forget the Pontiac Aztec and other stupid decisions made by GM over the years.