Word: ricks
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...Rick Wagoner, CEO of General Motors, the automaker in most imminent danger of failure, gave lawmakers three reasons Chapter 11 isn't an option. First, the special financing that usually tides companies over through reorganization is so scarce right now that GM might not be able to get enough to keep functioning. Second, the stigma of bankruptcy would deter consumers from buying GM cars. Third, GM is already in the midst of a dramatic reorganization that will pave the way to a profitable future...
Ford CEO Alan Mulally could be forgiven if he thought, The heck with this - don't give us any money, as he and fellow auto bosses Rick Wagoner and Robert Nardelli took a beating from unfriendly Senators at a hearing in Washington on Tuesday...
...proposed auto-industry bailout was discussed, however. Paulson met with General Motors chief Rick Wagoner in October, and he held conversations with Keith Hennessey, the head of Bush's National Economic Council (NEC), Commerce Secretary Carlos Gutierrez and others over the phone in the days after the election. Yet there was not sufficient disagreement between the men to warrant a full meeting...
...Anderson believes in giving students a lacrosse stick and the chance to play their way to a better education. "Ideally, I want to see about 60 percent of the kids who started with us at go on to boarding schools or private schools," says Anderson. Enter Korn's father, Rick, a former player who helped coach his own son to the Division-I level; Bob Turco, a Harlem-born lacrosse coaching legend who played his way to Washington and Lee University in the '70s; and Ross Turco, Bob's son and former high school All-America and D-I player...
...There's also a legitimate question as to who would do the restructuring. GM CEO Rick Wagoner has made the case that his crew is best placed to run the turnaround since it knows where the cost buttons are. But critics like Jim Schrager at the University of Chicago Booth School of Business say the wrong people are in charge: "I think you would only put money in GM if you had a complete change in the board and the current management. They are diligent. They worked very hard, but it just hasn't worked." In Schrager's view...