GM’s decision to offer early retirement to 113,000 workers left many in the nation’s capital wondering whether their worst fears might come true — bankruptcy General Motors. “We are watching this very closely,” said a Senate Finance Committee staff member. “It is one of our big concerns.” Meanwhile, GM’s CEO Rick Wagoner faces a growing number of critics who want him to step aside in order to win back investor confidence, reports Reuters. “When a company run by a CFO is having problems with its books, what does that tell you? You’ve got a man who is not up to the job,” said Peter Morici, a professor at the University of Maryland business school.
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