What right does Obama have to fire the CEO of GM?
by 
Phil in the Blank...backandtotheleft
ANSWERS: 10
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Did he?
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I don't think he has any right to but i haven't heard of him doing so as of yet either .
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The President did NOT "FIRE" the CEO of GM. Mr. Obama said that the CEO had indeed MISMANAGED the Bailout Money and was still mismanaging the bailout money that the federal government gave them ... Thus; he "ASK" the CEO to step down ; and he resigned .. These Bailout monies are monies that the TAXPAYERS have paid in and if they are mismanaged ; then it is the DUTY of the president to ask for them to step down and get someone in there who CAN manage those funds more responsibly.
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He didn't fire Rick Wagoner. He made Wagoner's departure from GM a condition of receiving further government bailout funds, but GM could have kept Wagoner and not taken the money. This is routine in business. Banks and venture capitalists frequently put conditions on people/organizations that they are funding. http://www.salon.com/tech/htww/2009/03/30/ceo_job_security/index.html
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Tax payers vote.
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Why do conservatives care? They don't want Obama to ask him to step down but they don't want Obama to leave GM alone and allow the company to go under (effectively firing the GM).
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How / why did the CEO find it appropriate to step down?
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Fired or pressured out, what difference? If GM wants more money and the President says jump! They had better ask How high and are hoops of fire involved? Not right, not wrong, just is. We are fast moving past the point of our elected officials needing "THE RIGHT" to do something. They know what Americans, even PO ones, will do, NOTHING!
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I think this question is funny he cant fire anybody but he can say well you either leave or we are going to revoke your stimulus debt that you owe to the american TAXPAYERS we are litterally paying twice for vehicles if you think about taxs paid to keep them going and then you buy new vehicle doesnt make sense that everyone bash him for this. There is prime example of medicare tax payers problem like this in Texas on yahoo news same 9 people account for 1,700 ER visits I have been paying medicare for 18 years now and that is total BS why are these crackheads sucking up my money out of my salary when it wasnt designed for them. That should give you an ideal.
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The US Government is the top shareholder in GM now. Obama , in his capacity as the head of the federal government, can fire any company CEO in which the US Govt is the largest shareholder. He didn't actually fire him though. He asked him to step down.
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