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Hopefully some help is on the way soon, because it's getting pretty drastic for suppliers
Wagoner waives off bankruptcy option Mar 17, 2009
We've worked some tough stuff together over the last three or four years
UAW strike could mean loan defaults Jan 09, 2009
We're convinced that the consequences of bankruptcy would be dire
GM teetering on brink of bankruptcy Nov 08, 2008
We are confident that Flint is exactly the right place to build our all-new power train plant
GM picks Flint, Mich., for new plant Sep 25, 2008
We are losing some production for sure, but at this point, the impact on retail sales has been negligible because of the inventories and the rather weak market
UAW criticizes American Axle Mar 12, 2008
George Richard "Rick" Wagoner, Jr. (born February 9, 1953) is an American businessman and former Chairman 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. The latter part of Wagoner's tenure as CEO of General Motors found him under heavy criticism as the market valuation of GM went down by more than 90% and the company losing more than $82 billion USD. This led to his being named one of the worst CEOs of 2008.
Wagoner was born in Wilmington, Delaware and grew up in Richmond, Virginia. He graduated from John Randolph Tucker High School there, where he was named "Best All Around" student in his graduating class. He received a B.A. in Economics from Duke University in 1975. He then attended Harvard Business School, from which he received an MBA in 1977. He is married and has three adult sons.
While at Duke, he became a member of the Delta Tau Delta Fraternity. Wagoner is a member of the boards of trustees of Duke University, Detroit Country Day School, the Board of Dean's Advisors of the Harvard Business School, and the Board of Directors of Catalyst. He is a member of The Business Council, The Business Roundtable, Detroit Renaissance Executive Committee, and the Secretary of Energy Advisory Board.