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da_zoo_keeper
Lv 5
da_zoo_keeper asked in Business & FinanceCorporations · 1 decade ago

Can someone tell me why Obama forced GM's CEO out and not AIG'S?

Or Citigroup, Chase, Merrill, THE SEC, or any other screwup out there?

5 Answers

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  • jeannie
    Lv 7
    1 decade ago
    Favorite Answer

    If you check back in the news, you'll see the head of AIG resigned. The guy in charge now is a post-meltdown hire.

  • Ryan
    1 decade ago

    Because Obama is trying to take over the Auto Industry! This is a step towards the government taking over! I don't know why he would do that. He made a big mistake. GM shouldn't be controlled by the government!

  • Anonymous
    1 decade ago

    He didn't force him out, as the news would say, "he asked him to step-dow"n. Anyway, don't feel too bad, I'm sure he's getting some sort of kick-back from doing so...

  • ?
    1 decade ago

    GM had a time limit to get something done, and they didn't get it done.

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  • Debbie W
    Lv 7
    1 decade ago

    Because he could. And it made him look "tough".

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