rick wagoner

President Barack Obama has offered his Treasury Secretary, Tim Geithner, mixed support. When he was under fire from just about everyone in March, Obama said he had "complete confidence" in Geithner. But at the White House Correspondent's dinner on May 9, Obama joked that he needed to train his new...

General Motors Corp. (GM), whose restructuring plan was rejected March 30 by President Barack Obama, is speeding up preparations for a bankruptcy filing, according to Bloomberg News. The company is focusing on forming a new company from the automaker's best assets, people familiar with the matter...

Whenever a CEO wants to convince shareholders and the media that they care about their long-suffering workers, all they have to do is slash their hefty salaries to $1. It does not seem to do much good because the executives who have taken such pay cuts already are fabulously wealthy, so money is...

Former CEO Rick Wagoner will receive roughly $23 million for his pension. While technically not a severance package, it is really from the pension fund. And folks are still outraged over the amount. Pretty good pay for someone who was fired, essentially for running his company into the ground....

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 that has recently fueled populist rage. However, his pension, valued at roughly $23 million, has already...

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's stock has lost 95 percent of its value and GM has posted $30 billion in 2008 losses while presiding...