Wagoner out? No, not yet.David Welch
There has been a lot of media speculation about the fate of General Motors Corp. Chairman and CEO Rick Wagoner, much of it saying that he is under the gun or on his way out. But today, the company said that he’s not going anywhere. At the company’s board meeting early this week, the directors discussed the media speculation and voiced unanimous backing for Wagoner, according to company insiders. Lead director George Fisher also backed Wagoner up in an interview with the New York Times. The board didn’t take an official vote or issue a statement backing him at the meeting. But the matter was discussed in response to speculation in the press. There was no case made to boot him out.
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