Poor Rick Wagoner. The long-time General Motors CEO finally got the boot this week. Some would say he deserved it (including us). But he could have hung on, if not for one fatal mistake…
“What’s good for General Motors is good for the country.” We’ve all heard that one, right?
It’s actually a misquote… one of those legendary quips that gets around because the modified version sounds better than the real thing.
The actual source was Charles Erwin Wilson, head of GM in the early 1950s, during a question and answer session with the Senate Armed Services Committee.
The Senate wanted to know if Wilson would have any conflicts of interest upon taking a job as Eisenhower’s secretary of defense. Would he, Charles Erwin Wilson, in his capacity as defense secretary, be willing to make a decision that could harm GM for the good of the country if need be?… Read More