Word: gerstenberger
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...Monet and Renoir. The star of the show -- as far as anyone knows -- is to be one of Edgar Degas's finest paintings, listed as "presumed destroyed" in studies written since 1945 and known only through a black-and-white photograph: Place de la Concorde (1875), stolen from the Gerstenberg collection in Berlin...
...quit. The resignation made him even more of a white-collar folk legend, the free-spirited rebel who "fired GM," which suited De Lorean fine. "That was some salary to give up," he said in 1980, "but I have never worried about money. I do things for themselves." Richard Gerstenberg, then chairman of GM, arranged for De Lorean to take over as president of the National Alliance of Business, an organization of socially conscious executives. Among other good works, the group encouraged employment of ex-convicts...
...business showing a commitment to the salvation of downtown Detroit, other people listened. First he set up the Detroit Downtown Development Corp. as a subsidiary of Ford Motor and assigned top real estate and financial people to staff it. Next he discussed the project with his competitor, Richard C. Gerstenberg, then chairman of General Motors, over lunch at the GM building; by dessert, Gerstenberg had pledged his active support. Four months later, GM announced that it would invest $6 million and form a subsidiary of its own. (Gerstenberg eventually put up another $6 million.) With Ford Motor as the managing...
...proposal immediately squared off the maverick Ford against almost everyone else in the auto industry. A Chrysler spokesman said that it was "not in the country's best interest and would increase transportation costs and add to inflationary pressures." Richard Gerstenberg, who stepped down last week as General Motors chairman, had reservations basically unchanged from a month ago, when he called proposals for a gasoline-tax increase discriminatory and a "terrible thing." He prefers a tax on imported oil that would spread the burden more evenly among all petroleum users...
...some Chrysler dealers were distributing bumper stickers proclaiming: WHIP INFLATION NOW. BUY A CAR. Top auto industry executives were pitching in with efforts of their own. Chrysler Chairman Lynn Townsend declared "a new car is the best buy you can get in America today." Outgoing General Motors Chairman Richard Gerstenberg, in a signed newspaper advertisement, once again made clear that what was good for GM was good for the country. "When you buy a new car," he said, "you help America's economy." Even the United Auto Workers chimed in with plans for an ad campaign to stimulate sales...