Will Geithner Fire Corporate America?

Tim Geithner said on Sunday's Face the Nation that the Treasury might fire the heads of big banks that depend on financing from the federal government, just as it summarily deposed Rick Wagoner, the former CEO of General Motors -- and before Wagoner, the heads of AIG, Fannie Mae, and Freddie Mac. "Where that requires a change in management and the board, then we will do that," said Geithner. Full Story »

Posted by Dwight Rousu
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Subjects: U.S., Politics, Business
Member Tags: Geithner
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Posted by: Posted by Dwight Rousu - Apr 6, 2009 - 6:45 PM PDT
Reviewed by: Dwight Rousu (review)
Content Type: Article
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Edited by: Dwight Rousu - Apr 6, 2009 - 6:45 PM PDT

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Dwight Rousu
4.0
by Dwight Rousu - Apr. 6, 2009

Reich takes Geithner's statement and then looks at U.S. corporations and contemplates a bit whimsically about who-all might be fired. It is both thought provoking and entertaining.

If these corporations that are too big to fail are split up, there will be lots of jobs for CEOs. They can survive until then hanging from their golden parachutes.

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