We are seeing a major shift in cultural mindset of America. How far we go with this experiment is yet to be determined, however, when the government has the ability to turn on the board of directors of private company and fire the CEO, as we saw with General Motors, what is the final game will be? And now you want Geithner, the ability to take on more and different corporations?

I do not know if Rick Wagoner needs to be fired or not, but this know.

Again and again, General Motors Corp. (GM) 's board of Directors reaffirmed its support for President and CEO Rick Wagoner, even as the company accumulated billions of dollars in loan losses and asked the government to survive. However, Wagoner, is now a high-profile victims of the intervention government, forced out as part of sweep of the Obama administration last effort to save the auto giant century old.

Wagoner, of 56, who spent 32 years working with GM in the world, resigned with immediate effect, the company said in a statement Monday. He was replaced as president executive of Fritz Henderson, vice president and chief operating company.

Jeremy Anwyl, CEO of the Edmunds.com Web site, called the decision "political theater" to appease a bailout increasingly weary public. "U.S. taxpayers are not happy" Anwyl said. "But this way you can point to and say that Rick is gone, and that creates an environment where the loans to be politically acceptable." For all accounts, Wagoner made progress in setting GM. As CEO, reduced its workforce in the U.S. 177,000 to about 92,000 today.

Wagoner also closed factories shed the Oldsmobile brand profitable GM's global engineering, manufacturing and design to save billions, and led a resurgence of quality and performance of its long-term abandoned cars. In 2007, the company reached an agreement with the United Auto Workers union who spent much health care costs care to a union retirees term confidence and introduced a $ 14 hourly wage for new employees, about half of a current worker.

But critics, including many members of Congress, says Wagoner, very slowly, failing to reduce sufficiently the enormous health care company and pension costs, and relying too much on high-vans and sport utility vehicles nonprofit as gas prices rose and the market shifted to vehicles smaller.

So what does this say about the relationship between government and private companies in America?

What is The message to our world once capitalist free enterprise?

About the Author:

As a spiritual-futurist, I have a BA degree majoring in history. One cannot know the future without knowing the past which holds clues to what is on the horizon. The world is in such a rapid expansion of knowledge that we are close to entering a tipping point that will forever change earth as we know it.

Article Source: ArticlesBase.com - Government Control & Intervention?

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