Word: ceo
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Dates: during 2000-2009
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...automobile business is great. Just ask someone who's in it. "People want to buy cars," says Rod Buscher, CEO of Summit Automotive Partners in Denver, which owns 30 assorted dealerships nationwide. And he really wants to sell cars. The problem is that would-be buyers lack either the income or the access to credit that would allow them to drive a new Malibu or Lincoln or Camry off the lot. That won't last forever; in fact, the automobile business figures to be good in 2011 and terrific in 2012 - which also happens to be an election year...
...buyers and sent a strong message to the United Auto Workers union and bondholders that the government is dead serious about implementing a major restructuring of both companies - and won't wince at bankruptcy if that's what is required to get the job done. GM's new CEO, Frederick A. Henderson, basically repeated that message at his Tuesday-morning press conference, even going so far as to say that bankruptcy was now "more probable," though not desirable. (See pictures of the remains of Detroit...
...failing to anticipate plummeting demand for gas-guzzling SUVs and neglecting to explore energy-efficient technology, causing it to cede U.S. market share to foreign competitors such as Toyota. In particular, analysts have recently attacked Wagoner for the restructuring plans he enacted during his eight-year term as CEO, which included dozens of plant closures and thousands of worker layoffs, describing them as too little, too late. Several of Wagoner’s classmates, however, called his forced departure a unjustified political sacrifice to appease growing public dissatisfaction with big business. They pointed to GM’s success...
...first major overseas trip as president, Barack Obama has a G-20 meeting, a NATO summit and a roundtable discussion in a Muslim country on the itinerary. But at a morning briefing the day before his departure - as reporters focused on the ouster of General Motors CEO Rick Wagoner - Press Secretary Robert Gibbs didn't field a single question about the President's trip. It was a sign of how ubiquitous and rote presidential foreign travel has become. (See the 10 Ideas Changing the World Right...
...investors on the sidelines while funding remains sorely needed for the building of new ports, power plants and roads across this huge nation. "Lots of projects were showcased but very few have been realized because of classic issues like labor laws and the overall investment climate," explains Sandiaga Uno, CEO of Saratoga Capital, a venture capital firm. "Very basic issues like the bureaucracy and land availability have stifled infrastructure efforts...