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As Valerie Biden Owens explained, Joe Biden Sr. left automobile sales for real estate when his son Joe Biden Jr. was elected to the United States Senate in 1972, because "he didn't want a United States senator to have a used-car salesman for a dad." [2] It is a common theme for the "used car salesman" to be cast as a shyster in popular culture.
While CEO of AutoZone in 2009, Rhodes earned a total compensation of $3,052,765, which included a base salary of $752,385, a cash bonus of $1,017,977, stocks granted of $21,270, options granted of $1,138,717, and other compensation totaling $122,416. [9] Business Insider listed him as one of the 25 most underpaid CEOs in 2010. [10]
In 2010, General Motors ranked second worldwide with 8.5 million vehicles produced. [194] In 2011, GM returned to the first place with 9.025 million units sold worldwide, corresponding to 11.9% market share of the global motor vehicle industry. In 2010, vehicle sales in China by GM rose 28.8% to a record 2,351,610 units. [195]
CEO pay includes salary, bonuses, stock sales, and other payments. Average CEO Pay is calculated using the last year a director sat on the board of each company. Stock returns do not include dividends. All directors refers to people who sat on the board of at least one Fortune 100 company between 2008 and 2012.
A general manager (GM) is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A general manager usually oversees most or all of the firm's marketing and sales functions as well as the day-to-day operations of the business ...
On February 18, 2009, General Motors and Chrysler again approached the U.S. government, in regard to obtaining a second bridging loan of $21.6 billion (£15.2 billion). $16.6 billion of this would go to General Motors, while Chrysler would take $5 billion. General Motors agreed to shed 47,000 jobs, close five plants, and axe 12 car models.
A mobile auto mechanic in Iran An auto mechanic at a garage in Kenya. An auto mechanic [1] is a mechanic who services and repairs automobiles, sometimes specializing in one or more automobile brands or sometimes working with any brand. In fixing cars, their main role is to diagnose and repair the problem accurately.
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