The global financial crisis is claiming victims and the latest are bosses of two giant auto makers. Rick Wagoner of General Motors and Christian Streiff of PSA Peugeot Citroen, both got fired!
Wagoner actually has to step down because Obama ordered him to do so! and that’s a good decision by the president, because , to be brutely honest Ricky never made anything better in GM during his administration!they just couldn’t let him blow up the bailout as well. He will be replaced by Fritz Henderson, who was the company’s president and chief operating officer.
On the other side of the ocean, France’s largest car manufacturer Peugeot Citroen kicked out their CEO as well, because of financial turmoil and following consequences company is facing. Mr.Steriff will be replaced Phillipe Varin, current CEO of Corus group.