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Rick Wagoner, the man who helped run General Motors to the ground, will retire August 1 with a pension and benefit package the automaker valued at $8.2 million. Wagoner, who was in charge of the ...
George Richard "Rick" Wagoner Jr. (born February 9, 1953) is an American businessman and former chair and chief executive officer of General Motors. Wagoner resigned as chairman and CEO at General Motors on March 29, 2009, at the request of the White House .
GM Chairman and CEO Rick Wagoner was also forced to resign. [25] GM bondholders rejected the government's first offer, but the unions agreed to the preferential terms. [26] A bondholder debt to equity counteroffer was ignored. [27]
According to ABC News and other media outlets, the Big Three CEOs (Rick Wagoner of GM, Alan Mulally of Ford and Robert Nardelli of Chrysler) who attended the November 19, 2008, meeting in Washington D.C. to request a bailout traveled to the meeting in private luxury jet aircraft. [94]
As General Motors (GM) former CEO Rick Wagoner says his farewells at the company where he has worked for over thirty years, he is not receiving the sort of "golden parachute" severance package ...
Naturally, the two Harvard MBAs who drove GM to bankruptcy -- Rick Wagoner and Fritz Henderson -- both rose up from GM's finance division -- rather than its vehicle design operation.
He replaced Rick Wagoner as CEO of GM when Wagoner stepped down after serving in that position for eight years, at the request of President Barack Obama [1] in relation to the General Motors Chapter 11 reorganization. Henderson assumed the new position on March 31, 2009.
The White House said the president wants to end a carried interest tax break prized by Wall Street hedge funds and private equity firms.