During an appearance on NBC’s “Meet the Press” President-elect Barack Obama said that he supports the auto industry aid and called for a short-term government bailout to restructure the entire industry. At one point, Obama suggest that some executives should lose their jobs.
However, Democratic Congress, Sen. Christopher Dodd of Connecticut was far more outspoken on who he thought should lose their jobs as CEOs and pointed to GM’s Rick Wagoner saying that he “has to move on.”
Obama on the other did not single out any single executive but said that the current management...
Read Article