"GM’s Lutz: Wagoner is one of “the innocents,” just “the mayor of a city hit by an earthquake”"
GM Vice Chair Bob Lutz would be a hard man to like, even if he weren’t a global warming denier (see “GM is full of crocks“). He presumably thinks he and GM Chair Wagoner deserve the credit and the large salaries whenever GM is doing well.
But when the company crashes — that is God’s handiwork. The Washington Post reports:
Singling out Wagoner “is like blaming the mayor of a city hit by an earthquake,” GM Vice Chairman Robert A. Lutz said in an interview on business cable network CNBC this morning. Noting the global collapse of demand for new cars and the slowdown in the United States and other major economies, Lutz said that calls for Wagoner’s resignation were “in the category of some sort of sacrifice to the gods,” the reasoning apparently being that “if we punish some of the innocents, things will get better.”
Seriously. Yes, apparently every other car company on the planet is weeks away from declaring bankruptcy.
Maybe the public is right on this one. In the Post‘s poll, 54% oppose the bailout. Wagoner is a career GM man. Let me revise the headline of my earlier post: Dumping Wagoner and Lutz MUST be part of the deal.