I also asked why General Motors refused to allow the drivers of the EV1 to purchase their cars at the end of their leases, and why these vehicles were physically destroyed by General Motors?
Fast forward to March 29, 2009 - Rick Wagoner resigns as the CEO of GM under pressure from the Obama administration. Wagoner had previously stated that the worst decision of his tenure at GM was "axing the EV1 electric-car program and not putting the right resources into hybrids.
It's therefore interesting that Wagoner will receive a retirement package estimated at $20 Million. And this is for someone who led GM while it suffered it's biggest losses in it's history and brought it to the brink of bankruptcy .....?
If GM needs additional bailout funds to pay its day-to-day expenses, won't the company be using "bailout funds" to pay this unworthy retirement package?