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Wagoner should leave; he continues to keep an environment of all "yes men". GM is made up of 85 to 95% white men in management positions. Throughout Wagoner’s career at GM, women were being fired and demoted while the percentage of all "yes" men continued to grow. The “yes” men are active at the strip clubs and golf courses using company dollars when they should be working. The high percentage of “yes men” at GM is there despite the fact that women have became the largest customer in the auto industry buying 65% of the new car purchases and influencing over 85% of all car and truck purchases. The "Boys of Summer", a short movie clip GM spent big bucks to produce in order to toot their own horns in front of the “yes men” staff, are now the "Men of Destroying the Largest Corporation in the World".

Dodds,Frank and a whole bunch of congress and government people need to go also. Why do these dim-wits keep getting elected?

I agree, Dodd & Frank should be the ones to leave!
Let the markets take care of the rest.

I agree that heads should roll they are no better than the Enron group. Put them in court for stealing. They have stolen from workers and company. Of course you would have to build a new wing for Congress .Wake up America and fire them all they are taking you to the cleaners and they have about cleaned us out.
I know a person that sold a piece of family that had taxes paid on it for at least 50 years . It cost him 20% of the price capital gain Taxes made his retirement go down and he now don't qualify for anything govermental.Boy what a government??

dodd should be in jail he got special treat ment on loans and said he did not know it what a liar he is.

I think Dodd must have something personal against Rick Wagner, Wagner does have a lots of experience and there has been a lots of cost cuts under his leadership

Dodd, Frank and the rest of the morons that comprise the House and Senate banking & finance committees are the ones that brought all of these ills upon us. While I agree that the CEO's of most U.S. companies are not a great deal better - they are better, by at least a little bit. Congress is going to keep screwing around until they have a full scale depression on hand.
Since the economic impact will be world wide - this time around we are charting new territory and unfortunately, this is not a star trek fantasy. We are going where none have gone before and all indications are ominous.

Chris Dodd and most the other crooks sitting in our government with averted eyes and corrupt rationalization should all resign and face charges. Who is he to judge when leader of both the House and Senate, Democrats and Republicans alike, have looked the other way for years. They knew years ago when people were losing their pensions and CEO's were walking away with multi millions what was going on. There are no excuses. Talk about the pot calling the kettle black.

Why just GM was he the only one to vote for McCain.

The rest should also go along with the perks, stocks, bonus money and leave the keys to the Jet on the desk.

Sure you can bash the idea. But "business as usual" in Big Auto will deepen the problem. Building, buying, selling and fueling V-8's is a dead end in 2009. A merger provides a clearer operating objective for automakers in general. Besides new hybrid and "sensical" models, why are we so late to the rapid rail party. THAT would bring jobs.

My point about "yes men" can be seen in some of the men's comments above. Comments that Rick Wagoner has done a good job. Well, when he took over in 2001, GM's stock was at $64 per share. Now it is at $5 per share. This too me does not sound like a measure of success. If fact, GM's quickest growth over a one year time frame, was when the big time investor came in a few years ago and micro-managed Rick Wagoner and this big time investor was not, I repeat NOT, a "yes man" to Mr. Wagoner. GM wanted everyone to write to Congress a few years back to fight new standards of fuel efficient cars and trucks. How stupid was that?