Word: fritzes
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...foot dragging on Chrysler is affecting GM, too. In a Friday conference call with the media, GM chairman Fritz Henderson lamented that GM's own union negotiations are being slowed because the UAW won't move forward until the Chrysler/Fiat negotiations are resolved. That makes sense: Whatever terms Chrysler gets will be a precedent for GM, too. GM faces a June 1 deadline from the U.S. government to produce sufficient cuts to ensure viability...
...executive privilege. Wagoner and his colleagues at Ford and Chrysler gained notoriety for flying in three separate private jets to Washington, in order to ask Congress for a multi-billion dollar bailout. Four months later, Wagoner has resigned as a condition of this bailout and been replaced by Fritz Henderson, GM’s current president and chief operating officer...
...condemnation of Mr. Wagoner, who has devoted his life to this company," Obama said in condemning him. "Rather, it's a recognition that it will take a new vision and new direction to create the GM of the future." In Wagoner's place, the President promoted COO Fritz Henderson, who has worked at the company for 25 years. Henderson gets the message: "One, go deeper, go harder; and second, go faster. And so we got it. We understand exactly what that means." (See the 50 worst cars of all time...
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...
...your Golden Globes acceptance speech, you thanked your dogs. What kind do you have, and what are their names? Jill Fritz, MADISON...