Rick Wagoner
Rick Wagoner
George Richard "Rick" Wagoner, Jr.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 lost more than $82 billion USD. This led to his being...
NationalityAmerican
ProfessionBusinessman
Date of Birth9 February 1953
CountryUnited States of America
Rick Wagoner quotes about
actions costs global line major necessary
These actions are necessary for G.M. to get its costs in line with our major global competitors.
cut pay percent taken
I've taken a significant pay cut this year, ... I think I'll have a 50 percent pay cut.
accurate anybody bus hybrids money saying
I've actually been saying I don't think anybody makes any money on hybrids, but that's not an accurate statement. Our bus hybrids can make money sometimes.
auto business combined critical economic environment highlight juncture market pace poor quarters results scope three turnaround viewing
We are viewing the U.S. economic and auto market environment with considerable caution, ... That, combined with our poor business results in the first three quarters this year, really highlight that we are at a critical juncture in our company's history. And so we are accelerating the pace and scope of our turnaround actions.
cent couple double launch months per pleased products reaction sales three total
We are very pleased with the market's reaction to our launch products. In the first three months of the year, our new products accounted for about 30 per cent of our total sales ? more than double where we were a couple of years ago.
There's pressures, of course, but I actually feel energized by the challenge.
american-businessman game next playing until
This is a game that's going to play as long as you're playing it. It's never going to end. It'll go until I retire, and when the next person has the job, they'll be on it too.
action benefits companies conceived continue costs decades difficult explosive face foreseen global greatest high increasing inflation necessary number recent rise rising similar simply taken
This is a difficult but necessary decision, and it was made only after the greatest deliberation. A number of other U.S. companies have already taken similar action in the face of these rising costs and increasing global competition. In particular, U.S. health-care costs continue to rise at high rates. When these benefits were conceived decades ago, no one could have foreseen the explosive cost inflation that we have been experiencing in recent years. These costs are simply not sustainable.
confident difficult gm period together
This has been a difficult period for all of us at GM but I'm confident that by working together we can and will get through this,
ability auto benefits compete critical gm provides relationship
This 'hand-in-glove' working relationship between GM Auto and GMAC provides ample benefits to our dealers and our stockholders, and is critical to our ability to compete in the marketplace,
american-businessman basically pain
A lot of other things come along with Chapter 11, which basically end up in a lot of pain.
above america attention business direction except extreme gm moving north progress work
All of our business units except GM North America are on or above track, and that has the extreme attention of us all. Progress is moving in the right direction ... but we still have more work to do.
effort family gm groups office scoreboard taken turn
This is the kind of thing we need to do. I don't have a big scoreboard in my office, depicting which groups had taken cuts. I think you can say the whole family is participating in the effort to turn GM around.
despite fast gm moving steps taking
Despite some speculation to the contrary, we at GM are still moving. In fact, we're taking some big steps to get moving fast in the right direction.