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President Obama fires GM CEO Rick Wagonner. Yes he can.

http://www.cbc.ca/money/story/2009/03/29/general-motors-wagoner-quitting.html

"General Motors Corp. chairman and chief executive Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday.

The news comes on the eve of U.S. President Barack Obama's unveiling of his plan to reinvigorate the U.S. auto industry."

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