GM’s CEO had a choice
Published 9:36 pm Wednesday, April 1, 2009
I totally disagree with your April 1 editorial (“Yes, we can, but should we?”). You state that President Obama forced the CEO of General Motors to resign. That is not true.
The CEO had a choice. He could have refused the bailout. Then, if General Motors went bankrupt, a bankruptcy judge could then remove him from the position. Or if he produced a miracle and brought the company back on top, he would be a hero.
He had a choice.