[jyl]

If a company gets big enough and sick enough that its impending collapse forces the US govt to commit many tens of billions of public dollars, that company can no longer expect its board of directors to "call the shots". Why should they, after running the company into the ground?

We've been talking about GM's impending collapse here for at least a year. I think most of those threads recognized that Wagoner's head was at risk of rolling, and many posts fairly clamored for it. Why are you surprised that it has finally rolled? I'm surprised he kept his job this long.