Search results
Results from the WOW.Com Content Network
Last fall, I suggested that General Motors Corp. (GM) ought to follow a six point restructuring plan. One of those steps was to can GM's CEO Rick Wagoner. Under his tenure, which began in 2000, GM ...
Mary Teresa Barra (née Makela; born December 24, 1961) is an American businesswoman who has been the chair [1] and chief executive officer (CEO) of General Motors since January 15, 2014. [2] She is the first female CEO of a 'Big Three' automaker. [3] [4] [5] In December 2013, GM named her to succeed Daniel Akerson as CEO. [3]
On March 29, 2009, Wagoner agreed to immediately resign his position as GM chairman and CEO, as part of the Obama administration deal to provide GM with further short-term financing. The following day, the US government rejected GM's initial restructuring plan and gave the company 60 days to come with a new proposal or be forced into bankruptcy.
According to an April 2014 report of the Special Inspector General of the Troubled Asset Relief Program, the U.S. government had lost $11.2 billion (~$14.2 billion in 2023) in its rescue of General Motors. The U.S. government spent $50 billion to bail out GM, meaning it recovered 77.6 percent of its investment amount. [7]
Dear Mr. President: I know you're proud of the effort made by your team back in 2009 to save General Motors (GM). You should be: You took a lot of flak for it at the time, but it has worked out ...
Obama and Raul Castro reversed over 60 years of tension between the U.S. and Cuba by restoring diplomatic ties. 4. He urged states in 2013 to raise the minimum wage to $10.10 an hour.
This page was last edited on 23 February 2024, at 08:30 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Pool/Getty Images News President Barack Obama, flanked by Vice President Joe Biden and House Speaker John Boehner delivers his State of the Union speech before a joint session of Congress in ...