Leadership Lessons from GM - The Buck Stops Here, Finally

Finally. General Motors (more like the US Government) has come to their senses and remembered the fundamental truth about Leadership: The Buck Stops Here. Finally, they have deiced to remove the Chief, Rick Wagoner, the source of GM's problems. 

This is an exeprt from a news article online:

General Motors chief Rick Wagoner to quit under Obama auto plan

Agence France-Presse

Washington, March 30, 2009

US President Barack Obama has asked the head of General Motors to resign, US media reported, a day before the US leader spells out his plan for the future of the crippled auto sector.

"The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed," Politico.Com reported, citing an unnamed White House official.

You can catach the entire article here: http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=RSSFeed-business&id=e269ccc8-67e7-46dc-b38a-7bb6e0d27206&Headline=GM+chief+Rick+Wagoner+to+quit+under+Obama+auto+plan

What are some quick lessons of Leadership that we need to remind ourselves?

1. The buck stops at the Chief. Not those below him or her.

2. Three years in a row is the maximum time period a leader is allowed to non-perform

3. A non-performing leader better quit before they are asked to leave

4. There is no blame. No excuses. 

Finally, someone (thanks Obama) has the guts to kick Wagoner out. It has been too long, and he has provided too many excuses. Time to get to work.

-TURD-