should a president (of the USA) have the power to remove a CEO of a company?

...i dont know... that is borderline Mussolini stuff.... im glad i got a wide range of answers! good to know there are actual capitalists out there still =) CEO means Chief Executive Officer, toenail.

Asked By: Cody - 4/22/2009
Best Answer - Chosen by Asker
Executive privilege affords considerable powers under the Constitution. Bear in mind that a President of the USA is the apex of representation for the entirety of the people of the United States -- all the people's power is manifested and focused like light passed through a magnifying glass, bringing outrageously... More
Answered By: path less travelled - 4/22/2009
Additional Answers (25)
No. Dictator Hussein Obama is mad.
Answered By: Joe - 4/22/2009
What he actually said was if they wanted the bailout money, the CEO had to go. There IS a difference.
Answered By: Anna P - 4/22/2009
if an employee has the power to terminate the store director, then why not!
Answered By: Turbo - 4/22/2009
no, the government should not control businesses.
Answered By: Natatata - 4/22/2009
Yeah, if the company and the company's finances are affecting (harming) the entire country.
Answered By: doobiedoobiedoo - 4/22/2009
what does CEO mean?
Answered By: ToniL - 4/22/2009
No unless the company wants taxpayers money I personally don't care because its your money
Answered By: Love Canada. - 4/22/2009
F no! That was unbelievable!
Answered By: Melissa - 4/22/2009
Of course, especially if that company is getting bailed out by the government. .
Answered By: U.S.Veteran - 4/22/2009
Absolutely not. It's a slippery slope we're on, but some people won't open their eyes 'til they hit the bottom.
Answered By: There - Take That - 4/22/2009
If the company is alive because of my tax dollars then yes.... However I don't believe we should have bailed out companies.......
Answered By: wondermom - 4/22/2009
if your talking about gm he doesn't and he didn't read and understand
Answered By: Lord Percywooster Xiv - 4/22/2009
no. thats a private matter. people who made poor choices need to live with the results, its not the governments job to bail them out. unless the CEO broke the law the Government should not interfere at all. the purpose of government is to protect the rights of the people. not provide for them.
Answered By: payton - 4/22/2009
Answered By: rightwing radical 1 - 4/22/2009
Obama did not remove the CEO of the company, he simply bribed the company with bail out money until they had to remove the CEO
Answered By: seavince82 - 4/22/2009
Mussolini did not hesitate laying siege to towns, using torture, and getting women and children as hostages to oblige suspects to give themselves up... More
Answered By: bash - 4/22/2009
Yes, if taxpayer funds were used to bail out that company. Just consider him the Supreme President of those companies. If they don't like it refuse the money like Ford did and move on.
Answered By: King Midas - 4/22/2009
I assume you are talking about GM. In that specific situation, the US government loaned large amounts of money to GM and was given right of 1st lender. This made the US Govt a major creditor of GM. Major creditors of any corporation wield huge influence over the corporation. This is what the President did. He didn't do... More
Answered By: AJ - 4/22/2009
No - that's not what our country was founded on, nor survives on. We have laws on the books to remove criminals and publicly owned companies have stock holders that the board of directors and the officers of the company have to live up to their expectations to stay in power. The President's job is not to deal with... More
Answered By: bbisdpspec - 4/22/2009
In the case of the GM CEO, yes. But in a normal situation where the company is not relying on government/taxpayer money, no.
Answered By: toms1266 - 4/22/2009
Mussolini was all about taking out political rivals and pretty much ruining a government so it can be easily taken over. President Obama is trying to strengthen our government and our economy and anything else he can get his hands on... More
Answered By: roz s - 4/22/2009
Nope, but he took that power.. scary stuff huh?
Answered By: Brian C.K. - 4/22/2009
no its called BIG government. A CEO has either built their company or showed true dedication to it. mr obama is an idiot. IMPEACH and remove from office im sick of this guy.
Answered By: Lexi - 4/22/2009
NO! That's my FINAL answer!
Answered By: Happy Schipperke - 4/22/2009
Hell NO !!! He is only good at guaranteeing car warranties. d**n what has our country come to?
Answered By: nissanman678 - 4/22/2009
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