Geithner / Obama : We’re gonna fire more CEOs
April 1, 2009
CBS news is reporting that Obama and Geithner are open to firing more CEOs that receive government funding.
“When asked if he would leave open the option to pressure a bank CEO to resign, Geithner replied: “Of course.”
This is going to be one hell of a ride, but alas a well deserved one. I myself am not that happy with government playing such a role in private industry… then again.. these firms taking government bailout money are not really that private anymore .. AIG for example is nothing more than a government agency with the US holding nearly 90% of it’s shares.
Can anyone name a time in history when the president of the US fired a CEO of an auto maker or a large bank? Enjoy this recession, because we are going to see a bunch of new firsts.
You’re Job is next Barbie
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