Rolling Rick

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Megan on GM's CEO getting the axe:

Rick Wagoner is no managerial genius, but I'm not sure this will actually help much.  GM is caught in the jaws of its own structural problems--labor costs, yes, but also its corporate culture, its legacy physical plant, and so forth.  Perhaps most perniciously, GM is the victim of a brain drain--it's difficult to recruit top talent to a dying firm, especially when it's located in a dying industry.

I get the heebie-jeebies any time a politician makes a business decision.

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