Word: chairman
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...Chairman Edward E. Whitacre announced he would serve as the interim chief executive in a press conference Tuesday, making him G.M.’s third chief executive in nine months...
...Administration has resurrected a proposal the President campaigned on: a $3,000 tax credit per new hire for small businesses, an idea that was dropped from the first stimulus because it would've been too easy for employers to manipulate by firing and rehiring workers. House Financial Services Committee chairman Barney Frank has proposed a $2 billion fund to help homeowners avoid foreclosure. In the Senate, Virginia's Mark Warner wants to use $50 billion in leftover bank-bailout funds for small-business loans (as of the end of October, the so-called TARP program still had $300 billion left...
...Another factor driving the calls for a second stimulus is that nearly 90% of the original stimulus money targeted for infrastructure projects will have been spent by May, and the Highway Trust Fund could be running a shortfall in June, says House Transportation Committee chairman James Oberstar. "[It] means, unless we do something about it, we'll start losing jobs instead of creating jobs in the construction sector," he says. For that reason, one part of a proposed jobs bill would subsidize 30 states that are unlikely to meet their annual highway commitments next year and would...
...Former Boeing executive Alan Mulally has partially disproved that theory by leading Ford to the greatest success among the Detroit Three. Now GM board chairman Ed Whitacre, a veteran of the telecommunications business, will try to go the rest of the way. After accepting the resignation of GM veteran Fritz Henderson, Whitacre will be running the company as interim CEO while he searches for a full-time successor...
...volunteers, all students belonging to Princeton's humor magazine, The Princeton Tiger, used their fall recess to drive to Cambridge in order to help their less fortunate peers. 'Everyone's hurting in this economy,' said Steven Liss, Chairman of The Tiger...