Should a CEO who loses $11 billion for the company keep his job?

Hey wait! I'm a liberal (although a Canadian one). I believe in socialist policies to a certain, restricted extent (if it's your own fault you ended in dire circumstances, why are you entitled to public money?), but I HATE wasted money. I think politicians should have to balance the budget every year, or have very detailed plans in place to pay back borrowed money (in a SHORT period of time--not just dumping the debt on the next government in power!) So: if Obama does this, and can't find the money elsewhere is savings to make up for it and balance his yearly revenue/expenses, then yes, he deserves to lose his job. I hate politicians who think they can just keep pushing debt forward, no matter what party they belong to.

They are selling now so that it makes the GM Takeover a mute point in the election.

They think it will be a mute point but I guarantee it will come back to bite him in the future.

You may get your wish, it looks like Ron Paul is running again.

So, you're saying that you don't consider it any big deal when a CEO loses $11 billion? I guess you would vote for Obama no matter what.

What I wouldn't do is STEAL the stocks out from under the stock holders, keeping most for myself, and giving the rest to the UAW. What I wouldn't do is DESTROY what was left of a company, start another one with basically the same name and CLAIM that I SAVED it. What I wouldn't do is funnel taxpayer money to the new GM, in the name of "grants" so it can use that money to pay off the "LOAN", then claim that the company payed it off. Obama sic'ed his ACORN hyenas after CEOs for accepting the very bonuses HE, Pelosi and Reid wrote into the bail out bills... promising they would get their CONTRACTED bonuses, then punishing them for accepting them. You may cheer on a lynching, but I don't. As for Obamacare. Do you remember what Obama promised while he was running for president? He promised that he would open the same medical plan that Congress enjoys up to everyone in the U.S. Do you ever remember him even attempting to do that after he was elected? NO! Instead he did what he always does. He sat around while OTHER people wrote the medical reform bill, then took credit for it. He didn't help write a single word of it... and of course, the lazy butt didn't bother reading it. A year into the passing of Obamacare, he's exempted so many companies from it, it is pretty much worthless to most workers. Has it helped your asthmatic son yet? Good president? Is that why he needs more time and $1 billion dollars to convince Americans he's worth a second chance? Shouldn't his record as president be enough to run on? It was good enough for almost all other 2nd term presidents.

I will vote for the person who makes sure that my insurance doesn't drop my asthmatic kids because they have an attack. I would vote for someone who makes sure that they remain insurable throughout their lives regardless of health concerns. BTW asthma can make a person uninsurable just like diabetes can. Most of the time peope only pay attention when a CEO loses money if it happens to be their money. But we all know that when you invest its a GAMBLE. Just like the lottery. You win some and you lose some. Its hard when what you are losing is the Pension fund. But Enron did that. Or your stock portfolio crashes and burns. And the BP oil spill did that. In these cases you are talking about negligance and overcomepensating for actual facts. These things might have been prevented. As far as selling off stocks in lieu of a larger loss, wouldn't you as an individual investor do the same? Would you really hold on to a stock that might not be worth very much simply because its going to hurt in the near furtur? Were is your bigger picture? How much would it hurt for us to hold on to these stocks? But that is a catch 22...sell now and feel the burn or hold and burn later. You might be suprised to learn that companies lose more than that on daily or more likely yearly transactions. Customers just don't know. These companies trim their budgets by shedding money draining assests to keep the company healthy and growing. Or they merge with companies who can take up the fledgling operations and get them up to par. Whether it works or not depend on supply and demand and the skill and knowledge of the person (or people) who manage it...think Time/AOL merger. I don't exaggerate. In my opinion its just a cute form of lying. If I don't know the facts I say so when I render a opinion. I voted for Cinton and I could care less about him getting a BJ since he balanced the budget. I do care that he LIED about it. Obama is a good man and good president. Unfortunatley, he had to deal with the Bushisms and that mess on top of 3 wars and an oil leak and this was just the first year. Is he perfect? No, but he deserves better than a half baked idea that does nothing to actually give focus or even see reason. Any man deserves that. And so does any President.