. . . Tuesday March 31, 2009

Canned by Power

A trillion or so into this mess and pretty much everything seems like it’s normal in this environment, but let’s just pause for a second and consider the fate of GM’s Rick Wagoner.

He just got canned by the President of the United States. Even though he didn’t work for the President of the United States.

Imagine coming home from your annual review with your boss and your wife asking you how it went. “Umm…”

Don’t feel too bad though. Wagoner is splitting with a cool $23 million in pension and benefits.

Concentration is important!