The Obama administration, as part of its oversight of GM due to the company’s $13.4 billion bailout taken in December, has asked and received the resignation of the company’s CEO Rick Wagoner. Forbes terms the move “Orwellian.” Forbes mentions that Ford Motor Co. is no doubt delighted that they did not go down the road of a bailout, thus dodging a possible CEO replacement of their own.

After nine years as CEO and all of his career spent at GM, Wagoner was certainly in the wrong place at the wrong time, with higher oil prices bringing the death of SUVs and trucks, and foreign companies bringing in more competition and innovation.