Should Wagoner Stay in GM's Driver's Seat?
General Motors (GM) Chairman and CEO G. Richard Wagoner Jr. appears to have bought some breathing room for himself and the struggling carmaker. In quick turbo-charged moves, Wagoner announced a huge buyout program, offering factory workers lucrative deals in an effort to cut 30,000 jobs sooner than he originally planned. He also slashed a few hundred white-collar jobs to further trim costs.
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