Obama fires GM CEO

Automotive genius and economic expert, Barack Obama, has fired GM CEO, Rick Wagoner.

From Fox News:

GM CEO Rick Wagoner is stepping down immediately, sources told FOX Business on Sunday, and is being succeeded by the company’s Chief Operating Officer, Fritz Henderson.

GM declined to comment on the reports about Wagoner’s resignation.

A White House official told FOX Business that Wagoner was asked by the Administration to step down as a precondition for the company to continue to get help with its restructuring.

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