Breaking! Mr. Wagoner Goes To Washington


Talk about going from one firing squad to the other. The day before GM CEO Rick Wagoner's set to meet with Renault-Nissan CEO Carlos Ghosn on Kirk Kerkorian's desired topic of "Why Carlos Should Be The New Rick," he's got to make the trek out to Washington DC to testify in front of the Senate's Select Committee on Aging. The topic: Medicaid and how GM's reigning in health care costs for retirees. Well, hell — GM's been operating job banks for so long — maybe they really can teach the feds a thing or two about how to run a welfare state. Oh, and in case anyone is wondering — he won't be meeting with Bush this time either.

Wagoner set to testify in D.C. [Freep]

Related:
Breaking! Pontissanault Here We Come: GM Board Agrees To Consider Alliance With Renault-Nissan [internal]