Can/should Presidents Fire CEOs?

[Yanksfan396]

Seems to be a hot topic lately. The answer is NO. I hated the Bush administration firing the Fannie, Freddie, and AIG CEOs, and I hate it now.

While I like the new timelines for GM and Chrysler, the push for resignation is beyond authority.

[OnePimpTiger]

I agree completely. It's hard times like these where citizens are much more likely to allow the government to overstep their bounds and set dangerous precendents for the future. Add this to the list of similar actions by the administration, including Geithner's proposal to allow the government to take over businesses deemed "too large to fail" and restructure them as they see fit.

[GrimUSMC]

If theyre takign goverment money, then they do have the right to tell him to step down, or no money. However, the problem is they shoudl nto be getting government money to begin with.

[GrimUSMC]

I agree completely. It's hard times like these where citizens are much more likely to allow the government to overstep their bounds and set dangerous precendents for the future. Add this to the list of similar actions by the administration, including Geithner's proposal to allow the government to take over businesses deemed "too large to fail" and restructure them as they see fit.

Thats just completely out of line, and theres no way that shoudl even be entertained.

[Bonds_25]

No they should not be able to.

[hagausaf]

If the US government is keeping their company afloat and they still cant manage to get by then yes, the president should have that right.

[Aikman_TheGreat]

I would also say no. Thats just another way of expanding government. But I dont know what else to do to keep these guys from wanting another bailout.

[jaybird_1981]

I don't trust the government to make a good decision so I would say no.

[daniel3417]

I agree completely. It's hard times like these where citizens are much more likely to allow the government to overstep their bounds and set dangerous precendents for the future. Add this to the list of similar actions by the administration, including Geithner's proposal to allow the government to take over businesses deemed "too large to fail" and restructure them as they see fit.

I feel like rapping my cane on the wooden floor of Independence Hall. Hear, hear!

The American Government has never and SHOULD never engage in private business. The day it does is the day that our Grand Experiment has failed.

Get control of your president, people.

[Aikman_TheGreat]

I don't trust the government to make a good decision so I would say no.

True, me either. But I also dont trust the CEO's either.