Megan on GM's CEO getting the axe:
I get the heebie-jeebies any time a politician makes a business decision.
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.