Lutz defends Wagoner

Bob Lutz told CNBC that Chairman and CEO Rick Wagoner should not be made a “sacrificial lamb” as a condition of the company receiving federal loan package

Lutz’s comments on the news channel this morning were in response to congressional leaders’ weekend calls for management changes at GM as a condition of any federal aid package.

Sen. Chris Dodd, D-Conn., in particular said that Wagoner should resign.

“All I know is that there’s going to be sacrifice required from all parties,” Lutz told CNBC. “All stakeholders are going to have to give something. Otherwise, this isn’t going to work.”

Source: Freep

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