Word: detroiters
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...Henderson, a 50-year-old Detroit native, earned a bachelor's degree from the University of Michigan in 1980. A decorated student (he earned high distinction studying business administration), Henderson was also a talented athlete, though he posted an unsightly 5.91 ERA pitching for the Wolverines' baseball team as a senior. (He has since cited his biggest regret as not possessing "a 97-mile-per-hour fastball...
...After graduating, he earned the highest score in the state of Michigan on the 1980 CPA examination, and spent a stint as a Detroit-based accountant before attending Harvard Business School, from which he graduated...
...still shrinking its workforce. Last week 7,600 salaried workers took buyouts. Chrysler has employee buyout offers pending. Several large auto parts suppliers are still cutting people. In other words, industries which were in trouble six months ago are in as much or more trouble now. (See pictures of Detroit's decline...
...Former Detroit mayor and laughable clown Kwame Kilpatrick jailed for his part in a sex-and-text scandal after his half-baked story about HAXXORS taking over his phone turned out to be, well, ostensibly that...
...real test of Rattner and Bloom's collaboration is upcoming. Obama, in putting new conditions on any more billions being handed to Detroit, gave Chrysler 30 days to strike a partnership with Fiat and GM 60 days to avoid bankruptcy court. Rattner will have to browbeat intransigent bondholders. Bloom will have to force major benefit cuts on the unions. And both will have to sell management on a radical reordering of their companies, one in which both capital and labor take a serious hit in order to keep the machine running...