iOS app Android app

Rick Wagoner

White House Reportedly Calling The Shots On GM IPO

Posted 05.25.2011 | Business

NEW YORK/DETROIT (Reuters, By Clare Baldwin, Soyoung Kim and Kevin Krolicki) - Steve Girsky remembers sitting at his kitchen table in New York on the...

GM CEO Henderson To Resign: AP Source

AP | TOM KRISHER and KEN THOMAS | Posted 05.25.2011 | Business

DETROIT — GM's board and CEO Fritz Henderson parted ways Tuesday, the board upset that the automaker was changing too slowly and Henderson frust...

Steven Rattner: GM Had "Stunningly Poor Management"

Posted 05.25.2011 | Business

Steven Rattner, the ex "car czar" who helped organize the bailout of the Detroit automakers earlier this year, has begun to speak out about his experi...

2009 CEO Turnover Rate At Lowest Point In Five Years

Los Angeles Times | Tiffany Hsu | Posted 05.25.2011 | Business

The nation's companies reported that 1,227 chief executives vacated their posts during 2009, the lowest level in five years, according to a survey tod...

Obama Auto Task Force Comes Out Against Dealer Plan

AP | Ken Thomas, Associated Press Writer | Posted 05.25.2011 | Business

WASHINGTON (AP) -- The Obama administration urged Congress Tuesday not to intervene in the closings of hundreds of General Motors and Chrysler dealers...

Our Weekend Automotive Radio Shows ...

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Top GM exec Bob Lutz has been un-retired and is back at General Motors as vice-chairman in charge of marketing, advertising, promotion and will have a heavy hand in styling and design. Does this make any sense at all?

Rethinking Who Killed the Electric Car?: How GM Doubled Down on Dinosaurs

Jonathan Kim | Posted 05.25.2011 | Business
Jonathan Kim

Instead of embracing the inevitable future of the auto industry, GM decided to be the #1 producer of dinosaurs.

Rick Wagoner Gets Over $10 Million In Exit Package From GM

AP | Posted 05.25.2011 | Business

DETROIT (AP) -- Former General Motors Corp. Chairman and CEO Rick Wagoner will retire Aug. 1 with a pension and benefit package the automaker valued a...

Ousted CEO Rick Wagoner Still On GM's Payroll As Treasury Considers $20 Million Severance Package

Washington Post | David Cho | Posted 05.25.2011 | Business

Seven weeks after the Treasury Department announced that it was ousting General Motors chief G. Richard Wagoner Jr. in the federal bailout of the comp...

Grand Theft Automaker

Stuart Whatley | Posted 05.25.2011 | Business
Stuart Whatley

Nobody expects the administration to right the world economy in a day, but what it can do is make sure each who is owed gets his fair share of the pie.

Confidence Game

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

The same Treasury department that did not hesitate to fire GM's CEO seems determined to keep zombie banks and their zombie managers intact at all cost. And all cost, in this case, could be trillions.

Adam Posen: A Financial Lesson From Japan's 'Lost Decade' Is Lost On Obama

Diane Tucker | Posted 05.25.2011 | World
Diane Tucker

On the eve of the G-20 economic summit in London, I spoke with Adam Posen, who wrote the book on the mistakes Japanese policy makers made during their lost decade.

The Past and Future of General Motors

Clayton M. Christensen | Posted 05.25.2011 | Business
Clayton M. Christensen

Washington has cast aside a remarkable executive who already has presided successfully over many of the most difficult elements of the rescue of GM in a way that is rare in the history of business.

How Tim Geithner Can Guarantee a 43% Return on Your Money This Year

Keith Thomson | Posted 05.25.2011 | Politics
Keith Thomson

I asked one of America's foremost horse racing handicappers to take time out from the grandstand and bet on political outcomes. What's his line on Geithner?

Frank Rich: C.E.O. Guillotine Won't Do Any Good

The New York Times | Frank Rich | Posted 05.25.2011 | Politics

EVEN among pitchfork-bearing populists, there was scant satisfaction when the White House sent the C.E.O. of General Motors to the guillotine. Sure, ...

For Wagoner, Camaro Comes Too Late

Anne Stockwell | Posted 05.25.2011 | Business
Anne Stockwell

We say GM can't make fuel-efficient cars we want to drive, but the Camaro proves otherwise. Whatever his failings, Wagoner, who resigned Sunday, deserves a piece of that credit.

Another Nice Guy Bites The Dust

Nancy Lublin | Posted 05.25.2011 | Business
Nancy Lublin

Rick Wagoner's forced resignation proves the common stereotype: nice guys finish last. He isn't just a nice guy he's a smart businessman. I know this because Rick is my friend.

Bank Of America CEO Ken Lewis: Don't Compare Me To EX-GM CEO Rick Wagoner

McClatchy | Christina Rexrode | Posted 05.25.2011 | Business

Bank of America Corp. chief executive Ken Lewis bristled at comparisons between himself and Rick Wagoner, the ousted CEO of General Motors Corp., in a...

The Double-Standardization Of Double Standards

Stuart Whatley | Posted 05.25.2011 | Politics
Stuart Whatley

Surely there is nothing new about double standards in business and finance, especially in the current crisis. In fact, there may even be a rising double standard for what constitutes a double standard.

Rick Wagoner's Home (PICTURES)

radaronline.com | Posted 05.25.2011 | Business

Rick Wagoner lived a life of luxury as General Motors deteriorated. RadarOnline has pictures of his mansion. ...

Rick Wagoner's Life Of Luxury: Rolling In Dough As General Motors Went Bust

radaronline.com | Posted 05.25.2011 | Business

The man who was behind the wheel while GM motored toward bankruptcy has bailed out with a ton of loot! While General Motors lost more than $84 bill...

What If The Middle-Class Ruled?

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

Lawmakers should use the current crisis as an opportunity to usher in a new era of middle-class American rule.

Unions Demanding Obama Fire BofA CEO In Wake Of Wagoner Ouster

The Plum Line | Posted 05.25.2011 | Politics

The major unions are grabbing on to the ouster of General Motors chief Rick Wagoner to launch a campaign to pressure the Obama administration to engin...

Motown Misery

Joe Peyronnin | Posted 05.25.2011 | Business
Joe Peyronnin

Nothing will change unless the Detroit culture changes back to what it once was -- entrepreneurial, creative, innovative, market savvy and cost effective.

Fear and Anger in Michigan

Jeffrey Feldman | Posted 05.25.2011 | Politics
Jeffrey Feldman

Fear and anger are rising in Michigan. New York gets what it wants, when it wants it, from Washington; Michigan gets slapped in the face.