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Fox Business' Varney mischaracterizes Wagoner's departure

March 30, 2009 12:49 pm ET

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SUMMARY: On America's Newsroom, Stuart Varney asserted that Rick Wagoner's departure is "the first time in modern history that the government has fired the chief executive of a private corporation." In fact, the government did not "fire[]" Wagoner, but made his departure a condition of further government aid for the company.

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