Word: gm
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Dates: during 2000-2009
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...having to lay off workers and Harvard is not any different. “I think this is misled,” says SLAM member Remeike J.B. Forbes ’11. “It’s kind of peculiar to see Harvard as analogous to GM, because Harvard is a nonprofit institution. When GM lays off workers they also decrease in production as well. Harvard is not a for-profit institution, its purpose is to serve a public good.” According to Taj E. Tucker ’12, a protester at SLAM?...
...industry is not terribly different. If the Treasury controls GM (GM), first it will have to decide how much control it wants to exercise and to what extent it wants to influence company policy. Beyond that, if the company does well, the yield from the government's investment may be locked up, unless it can find another car company, almost certainly foreign, to take its stake. That brings the conversation around to whether the Congress is anxious for GM to be controlled by VW or Toyota (TM). (See pictures of Detroit's decline...
...Pontiac brand retired on Monday by General Motors was born as the Oakland Car Co. in Pontiac, Mich., in 1907. GM acquired the company two years later. Its 1926 Pontiac model was so popular that the GM division changed the Oakland name in favor of that of the 18th century Ottawa Indian chief. And its GTOs, Firebirds and Bonnevilles were among the leaders of the pack of 1960s muscle cars. (See the 50 worst cars of all time...
...odds of a GM deal with bondholders may be more bleak. As part of its offer to bondholders, presented Monday, GM is offering to exchange 225 common shares for each $1,000 of principal amount of bonds. The offer covers $27.5 billion of bonds, and based on the recent price of GM stock would result in bondholders receiving less than 40% of a bond's original face value. GM's chief executive Fritz Henderson described the terms of the offer as "stern." For the swap to take place 90% of the bondholders must accept the offer. If that percentage...
Surgical bankruptcy n.-- A term adopted by lawmakers and execs to give the impression that a GM bankruptcy could be quick and painless...