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« Bank Execs Might Give Back TARP Money if They Can't Pay Themselves Obscenely Well | Main | More False Anaologies from the Right Wing: this Time re: Executive Pay Caps »

March 30, 2009

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rawdawgbuffalo

now hold wall st to same standards and im good

Deb

Easter,

I see a line between useless dwelling on the past and accountability.

Under Wagoner, GM repeatedly made bad business decisions that put GM in the position it's in today. He -- personally -- extracted tens of millions of shareholder dollars in short-term gains as a result of his short-sighted decisions (i.e., looting shareholder wealth based for personal enrichment).

Now, thousands of workers -- not only at GM but at other businesses, say those who provide auto parts or services -- will likely suffer ripple effects if GM collapses.

And so will our nation's economy.

If we allow Mr. Wagoner to go off into the sunset without so much as some harsh criticism, how can we hold other company heads accountable for looting and misdeeds?

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