He chose the Volt :)

[StoutFiles]

I think it's good he showed up in that car. For one, I think it shows how serious GM is in making a super-fuel-efficient car and how close they are getting to have one read

.

They had to drive their cars; it was a PR stunt. Time is money, and their time would have been better spent flying commercial than a very long car ride.

[GTAHVIT]

Its also great to see them turn the tables on the politicians.

Now they can say, "As CEO here are the technologies I bring to the economical table. What have to brought?"

[StuMac]

Originally Posted by Chemical

Also if I remember correctly, I think it was Rick Wagner who changed GM from crappy cars like that old Cadillac they sold in the 80's that looked like garbage, to the now more higher quality cars like the CTS.

He has changed the perception from bad to good, he had done a better job than the older CEOs of the company.

Yeah, but it's just like in football, if the team does well, it's because of the team, if they tank it's all the fault of the coach.

It doesn't matter what he's done in the past, how well he's improved the overall reputation of the company or even that the sales slump was caused by a credit crunch far beyond his ability to control. The company is in trouble so obviously it's the fault of the CEO.

[radz28]

Good point. He's the QB so he's gotta' face the music, as they say.

[Inspector 17]

I say replace Wagoner with Lee Iacocca. Or Bill Gates. Or better yet, both as Co-CEOs. Lee knows how to turn a company around and Gates knows how to innovate and crush the competition.

[Chemical]

Obviously the CEO is not at fault here, its the stupid union that has GM by the "juevos" and killing them in the bank. What up with the people that aren't working at GM because they closed down a manufacturing building and are STILL getting paid 95% of their SALARY!!

Damn money sucking UNION! Tell me, Do you think Toyota and Honda have unions!? They are laughing all the way to the bank.

The only way for GM to get out of this is to declare bankruptcy and that will realease GM from the contracts signed over 30 years ago.

Also did you hear that the Union is willing to suspend their payments for a while so GM can get out of the hole! Non-sense, they're a leech hoping that GM will survive to continue paying the Non-working union workers.

This issue is too complicated to really get into either way someone is screwed whether its the CEO or the consumers.

... good luck GM, I will continue to buy GM vehicles so long as the quality stays as is (CTS, Corvette, Camaro)

[GTAHVIT]

Lets not forget that Bob Lutz is the Vice Chairman of Global Product Development. He is mostly credited with bringing quality back to GM.

[Chemical]

Originally Posted by gtahvit

Lets not forget that Bob Lutz is the Vice Chairman of Global Product Development. He is mostly credited with bringing quality back to GM.

Very True. You make a good point. You have give credit where its due.

[EllwynX]

I've read/heard he arrived in a Volt, but video I've seen of him arriving in the 'Volt' was actually a Cruze.

[Chemical]

I thought that the vehicle he arrived in was a mule of a Volt. Who knows we can speculate all day on this.

[gladiatoro]

Originally Posted by Chemical

A CEO does not depend on salary. They get a percentage of stock added to their portfolio and they sell a percentage as income every year. They have a maximum percentage every year that they can sell according to the IRS.

Because you know, if a CEO sells his entire stock in the company and the company tanks, he goes strait to jail.

Thats how a CEO makes their money, they don't care about 1$ salaries, as a matter of fact most CEOs make that salary.

This is nothing new, alothough he should have had this salary from the beginning.

As an example, Bill Gates has had a 1$ salary for years.

WOW did not know that , no wonder he drives a VW bettle

[Camaro_Corvette]

Originally Posted by EllwynX

I've read/heard he arrived in a Volt, but video I've seen of him arriving in the 'Volt' was actually a Cruze.

I think its a volt with a cruze body.

[Justin]

Originally Posted by camaropete

I say replace Wagoner with Lee Iacocca. Or Bill Gates. Or better yet, both as Co-CEOs. Lee knows how to turn a company around and Gates knows how to innovate and crush the competition.

Forget Bill Gates. He's old news. We need GM to have the "cool" thing going on. Steve Jobs ftw. :-P

[shadowed_Stranger]

Originally Posted by Chemical

A CEO does not depend on salary. They get a percentage of stock added to their portfolio and they sell a percentage as income every year. They have a maximum percentage every year that they can sell according to the IRS.

Because you know, if a CEO sells his entire stock in the company and the company tanks, he goes strait to jail.

Thats how a CEO makes their money, they don't care about 1$ salaries, as a matter of fact most CEOs make that salary.

This is nothing new, alothough he should have had this salary from the beginning.

As an example, Bill Gates has had a 1$ salary for years.

Which is great, because the better they make the company, the more their income (stocks) go up. He should just tell the gvmt that he is being paid completely in stocks, as motivation to not fail.