A debate over whether embattled General Motors Corp. CEO Rick Wagoner should be removed heated up again on Monday even as Congress proposed a short-term industry bailout designed to keep the automaker from collapsing by year-end.
There have been several missteps on Wagoner's watch, but there are ample reasons he should stay at GM, analysts say.
Wagoner, 55, has amassed a long list of hits and misses since being named CEO in 2000. On the plus side, he has slashed $9 billion in costs, overseen a push into emerging and profitable overseas markets, landed landmark concessions from the United Auto Workers union, rejuvenated product development and narrowed GM's quality gap with foreign rivals.
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