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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 .
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 ...
Frederick Henderson resigned as the CEO of General Motors on December 1, 2009. 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 ...
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 ...
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]
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 ...
In February 2000, Rick Wagoner was named CEO, succeeding Smith. [91] [92] The next month, GM gave 5.1% of its common stock, worth $2.4 billion, to acquire a 20% share of Fiat. [93] In December 2000, GM announced that it would begin phasing out Oldsmobile. The brand was eventually discontinued in 2004, seven years after it had become the first ...
The EV1 program was terminated in late 2003 under the leadership of then-GM CEO Rick Wagoner. [112] [113] 58 EV1 drivers submitted letters along with deposit checks to GM, seeking lease extensions with no financial burden on the automaker.