wagoner

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 company in its last decade -- he became CEO in 2000 and chairman in 2003 -- led GM to $85 billion in...

Although he probably wasn't the first in this crisis cycle to do so, New York Times (NYT) columnist Frank Rich makes a rhetorical reference to the guillotine while discussing the public's response to CEO and management underperformance on Wall Street and in Detroit. (It should be noted that the...

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...

General Motors (GM) and General Electric Company (GE) used to be the most highly respected names in corporate America. Now their reputations and stock prices are shot. So is the credibility of their CEOs. And since their boards -- whose legal role is to protect the shareholders -- have protected...