G.M

The news is here. Unfortunately, Rick Wagner of G.M has been ousted from his position as CEO of G.M. There is an up side and a down side to this fact. The down side is that Rick was a good CEO, but things came up and he had to adjust to shifting times. Which leads us to our good side, the UAW has virtually picked apart G.M, through the CEOs of the company, giving themselves ridiculously high benefits and pay. They make 73 dollars an hour and that is an insane amount of money. That is over a 100,000 dollars per year. This money was sacrificed for the wrong reasons. It was given to people who make the cars not the people who develop them. Thus, leading to inefficient cars and the G.M brand slowly being dirtied. I mean 100,000 dollars per year that is more than one makes at Goldman Sachs (In an annalist position), and for that you had to go to a good college and graduate top of your class. It was very simple for anyone on the outside looking in to see that this would eventually occur. This occurrence was that G.M is in serious trouble because of their inability to foresee that allowing the union to have this much leverage would eventually ruin them. And that was my rant about how G.M failed to see this coming. Truth to be told though, I'm very sorry for Rick because this problem started way before his time.