Paving the Way to the Future Wagoner Is Ousted to Maintain GM's Lifeline

General Motors' longtime CEO falls on his sword to appease unions, bondholders, and the Obama Administration in a bid to keep the automaker afloat.
Von David Welch
GM CEO Rick Wagoner has been forced out.

GM CEO Rick Wagoner has been forced out.

Foto: DPA
Welch is BusinessWeek's Detroit bureau chief.