Word: rick
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...automobile manufacturer will live long enough to enjoy it. President Barack Obama would rather bridge General Motors to the future than see it collapse, but he has now made it clear that the GM we know and don't really love is finished. So is GM CEO Rick Wagoner, who was told to hit the road, his three decades of service to GM - and strong support within the industry - now considered a liability. "This is not meant as a condemnation of Mr. Wagoner, who has devoted his life to this company," Obama said in condemning him. "Rather...
...around.” “I have heard from a lot of our sectionmates in the last 48 hours,” Offensend said. “Everybody is somewhat angry and somewhat sad. There’s a lot of support and affection for Rick.” —Staff writer Athena Y. Jiang can be reached at ajiang@fas.harvard.edu...
...seems improbable that GM could lose that many customers so fast. But, Rick Wagoner, recently departed CEO of the company told Congress last December that consumers won't buy vehicles from a bankrupt company. Some of the people at the hearings figured Wagoner was bluffing, trying to convince Washington that a Chapter 11 filing would bring an end to the firm's ability to market its products because customers could turn to cars made by competitors which were in reasonably good financial shape. But, most research done recently indicates that Wagoner was probably right, at least right enough that...
...first major overseas trip as president, Barack Obama has a G-20 meeting, a NATO summit and a roundtable discussion in a Muslim country on the itinerary. But at a morning briefing the day before his departure - as reporters focused on the ouster of General Motors CEO Rick Wagoner - Press Secretary Robert Gibbs didn't field a single question about the President's trip. It was a sign of how ubiquitous and rote presidential foreign travel has become. (See the 10 Ideas Changing the World Right...
...believe that the bondholders, who have thus far balked at taking GM stock for much of their debt, made a bad investment and should lose all their money, says one person familiar with the President's auto task force. Rattner also took the point in ousting GM chief Rick Wagoner over the weekend. Bloom, for his part, has taken day-to-day leadership in talks between Chrysler and Italian automaker Fiat. His union bona fides have made him the point man with the United Auto Workers union and its chief, Ron Gettelfinger. (See the 50 worst cars of all time...