April 2, 2009
Rick Wagoner: The $20 Million Lamb
Add one more unfortunate to the
millions-long roster of the nation’s
unemployed.
Rick Wagoner, steward of the most recent
phase of General Motors’s decline from the
planet’s largest manufacturing concern to
hollow shell, has lost his position and his
paycheck, to the shock and horror of
Michigan’s governor, the various TV pundits
and the legions of failed and overpaid chief
executives noting glimmerings of their own
potential mortality in his unspectacular
fall from grace.
In short, everyone who either hasn’t been
paying attention or who has a vested
interest in sustaining deep-rooted
incompetence in the American boardroom.
You’d expect the likes of Rush Limbaugh and
the paranoid wrecks who constitute the
on-air staff at Fox News to be foaming at
the mouth, and they are in true Pavlovian
fashion – no surprise, and no reason for
further comment so far as they are
concerned. The reaction of one Jennifer
Granholm, alleged governor of Michigan,
deserves a bit more attention – unusual in
and of itself, given the dearth of
substance, significance or accomplishment
which has characterized her term in office.
What did Michigan’s figurehead-in-chief have
to offer in response to Wagoner’s ouster?
Only one of the most absurd snippets of
political hyperbole to rear its head in
recent times: Wagoner, Granholm solemnly
intoned, wasn’t just a displaced CEO – he
was a “sacrificial lamb.”
Let that sink in for a moment.
According to Michigan’s supposedly
Democratic governor, the man whose
tenure at GM’s helm will be remembered in
terms of shuttered plants, outsourced jobs,
bloated SUVs and ruined lives, has been
“sacrificed” by the presumably brutal and
unfair Barack Obama who, it must be
inferred, is attempting to ruin the state’s
auto industry even as he shovels tens of
billions of taxpayer dollars into its gaping
maw. Wagoner, Granholm contends, didn’t fail
on his own demerits – he was thrown to the
wolves by an uncaring president and an
unthinking beaurocracy.
Do you feel the tears welling in your eyes
yet?
Well, before we get overly emotional, it
probably bears mention that Shifty Rick’s
plummet to Earth is to be cushioned by a $20
million severance package coughed up by his
bankrupt corporation – coincidentally, the
same bankrupt corporation that is currently
chewing through federal government largesse
to the tune of tens of thousands of dollars
per hour, and which has proudly announced
its intention to shutter yet more plants and
axe still more jobs. In fact, it seems
feasible to suspect that the withholding
taxes paid by GM’s most recently laid-off
employees are the selfsame dollars that will
soon be lining the pockets of the man who
ushered them into economic oblivion.
Or to assess this figure by another
yardstick: $20 million equals approximately
400 hourly jobs at a rate of $50,000 per
year. Four hundred jobs whose proceeds once
went to make mortgage payments, pay for
college tuition, purchase vital prescription
medication, purchase GM vehicles and
otherwise fuel the Michigan economy are
dematerialized for the sake of feathering
the sacrificial lamb’s nest, assuaging his
hurt feelings and compensating him for his
utter inadequacy as a chief executive.
Jennifer Granholm’s comments are
instructive. For years, Michigan citizens
have wondered what Granholm stood for and
who she stood beside – impossible to discern
in the past, given the paucity of
accomplishments her administration has had
to offer. Well, now we know. Rick Wagoner,
not the working men and women of Michigan,
is Jennifer Granholm’s base, and with her
utterances lamenting the ouster of the man
responsible for the untold misery of
countless Michigan families she reveals
herself as the Judas Goat leading the real
sacrificial lambs to their slaughter.
©
2009 North Star Writers Group. May not
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