Other Editorials

The Indictment of G. Richard Wagoner (1)

Jim Dollinger
Wednesday, June 7, 2006

Today's Free Press quote from yesterday's Annual Meeting:

"Mr. Wagoner, last year, I called for you to resign. This year, I'm calling for your indictment. You've misled investors," said James Dollinger, a Flint car salesman who calls himself Buickman and runs www.GeneralWatch.com.


n 1: a formal document written for a prosecuting attorney charging a person with some offense [syn: bill of indictment] 2: an accusation of wrongdoing; "the book is an indictment of modern philosophy"

Source: WordNet ® 2.0, © 2003 Princeton University

As said in Wilmington:

"Mr Wagoner, you may remember that last year I called for your resignation. This year I am calling for the resignation of the entire Board of Directors, and for your indictment. You have misled investors. I don't mean the six large organizations which control two thirds of this company. I mean 'mom and pop' investors across America. I have a case and intend to present it."

Today's LA Times:

"Still, the meeting was relatively quiet after last year's contentious session, in which dissident investors repeatedly called for Wagoner's resignation.

Even longtime GM critic Jim Dollinger, a management consultant and former top Buick salesman, seemed mellow.

Although he accused Wagoner of misleading shareholders and continued to question the CEO's ability to lead the company, Dollinger said after the meeting that he was pleased with its tone and outcome.

'I thought there was a high level of audience participation and that it was productive,' he said."

Once more befits it that the voice of Truth,
Fearless in innocence, though leagured round
By envy and her hateful brood of hell,
Be heard amid this hall; once more befits
The patriot, whose prophetic eye so oft
Has pierced thro' faction's veil, to flash on crimes
Of deadliest import