Word: hendersons
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...sent a strong message to the United Auto Workers union and bondholders that the government is dead serious about implementing a major restructuring of both companies - and won't wince at bankruptcy if that's what is required to get the job done. GM's new CEO, Frederick A. Henderson, basically repeated that message at his Tuesday-morning press conference, even going so far as to say that bankruptcy was now "more probable," though not desirable. (See pictures of the remains of Detroit...
...following year, Henderson lit out for Brazil, where he took the reins of GM's operations in that country as well as Argentina, Paraguay and Uruguay. He has cited the promotion as his "big break." It also opened the door for futher international assignments, including stints overseeing GM operations in Africa, Latin America, the Middle East, Asia Pacific and Europe. According to a 2008 New York Times article, he has visited at least 45 countries as part of his duties...
...Henderson became GM's chief financial officer, and in March 2008 ascended to president and chief operating officer - a promotion that left him as Waggoner's heir apparent...
...pinning his colors so firmly to Mr. Wagoner's mast during the drawing up of the GM restructuring plan...I would give him a 50-50 chance, which is not bad given the odds on GM as a whole." -John Gapper, writing on his Financial Times blog about Henderson's promotion, March...
...When you see a guy with talent, you give him a difficult assignment." -John Smith, retired GM chairman, on entrusting GM's foreign operations to Henderson. (Businessweek...