but what of the "Board"....
of which Wagoner is, of course, Chairman? IMO it is the "laissez-faire" attitudes of many (most?) large corporation boards that has contributed greatly to the whole mess we currently face. The willingness to "rubber stamp" ridiculous "compensation packages" for a virtual "multitude" of "corporate execs", as though they (those particular execs) were the "only ones" capable ? Defaulting entirely to management? Time to place some blame squarely on those boards. L.
Related link:
http://www.gm.com/corporate/investor_information/corp_gov/board.jsp