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The sad truth is the inept GM board let Wagoner stay on way too long! They let him ride the GM stock price down from $70/share to basically worthless...at some point in the $30-$40 range he should have been ousted and perhaps others would have seen Saturn was bleeding $, Pontiac was not going to make it, ditto Saab and Hummer.
Even the Gov't figured out how bad he was, if not for them, would the board ever have ousted him? The GM board should be a case study of what being asleep at the wheel is all about.
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