Word: ceo
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Dates: during 2000-2009
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Frederick "Fritz" Henderson will not have the luxury of a honeymoon phase. The new interim CEO of General Motors - whose predecessor, Rick Wagoner, resigned March 29 at the behest of the White House - inherits a company in disarray. Over the next 60 days, Henderson must engineering some kind of comeback for the sputtering carmaker, amid the glare of the media spotlight and mounting public outrage over disappearing auto jobs. (Read "Will Wagoner's Exit Put GM on the Road to Recovery...
...seems improbable that GM could lose that many customers so fast. But, Rick Wagoner, recently departed CEO of the company told Congress last December that consumers won't buy vehicles from a bankrupt company. Some of the people at the hearings figured Wagoner was bluffing, trying to convince Washington that a Chapter 11 filing would bring an end to the firm's ability to market its products because customers could turn to cars made by competitors which were in reasonably good financial shape. But, most research done recently indicates that Wagoner was probably right, at least right enough that...
...Dick Fuld, the stubby ring-fingered, ex-CEO who ran Lehman Brothers into the ground, suffered a black-eye, and then blamed everyone but himself...
...obvious to most average people now that the control, and to some extent the creation of content, began moving rapidly to the Internet as long as eleven or twelve years ago. Not a single large print media company chief saw that at the time. The role of the content CEO as visionary did not work. Looking ahead in 1998, he saw the U.S. Postal System and his unionized workers as his greatest enemies. Now newspaper unions have almost no bargaining power to save their member's jobs because the entire industry is going under...
Ironically, what helped start the rally in mid March were upbeat words from Citigroup CEO Vikram Pandit about Citigroup's profitable performance during the first two months of 2009. Friday's stock market swoon, traders say, was partly triggered by cautious comments from Bank of America CEO Ken Lewis and JP Morgan Chase CEO Jamie Dimon, who both noted that March was proving to be a more difficult month than either January or February. As Dimon told Bloomberg TV while standing outside the White House after a group of bankers met with President Obama, "This downturn - it's pretty powerful...