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
A lot of other things come along with Chapter 11, which basically end up in a lot of pain.
Don't worry about planning every step of your life.
I have given no thought to anything but turning the business around, ... I wasn't brought up to run and hide when things get tough.
In '02 we had another good year in improving productivity in salaried work force. What we're trying to do is make this a regular mind set around here, ... You can't have an ounce of fat these days and meet the pricing and the investments and the profitability targets we're shooting for.
There's days you smile and days you frown.
The recent discovery of prior-year accounting errors has been extremely disappointing and embarrassing to all of us. Credibility is paramount, for GM as a company and for me personally.
While our 'pay-for-performance' executive compensation system is already structured to significantly reduce total compensation when our business performance and stock price are underperforming, we all agreed that this is the right step to take at this time.
will reduce the impact of plan changes on affected individuals.
We have to offer products people want to buy, not have to buy,
We have to offer products people want to buy, not have to buy,
We know a lot about Daewoo. We think we understand what the value of Daewoo is to us. Our view on that will not be changed by or influenced by other people being interested in it. If somebody else comes and pays a whopper amount for it, more power to them.
We already have made some significant moves to improve our competitiveness in the long term. We need to do more - and we will.
We'll have to put our helmet on and take a few months of lower overall sales.
What I've seen around the world is if the regulatory desires are combined with things that affect consumer behavior - such as in Europe, they tax gasoline very heavily - you do get people to move to very fuel efficient cars; trade off bigger vs. smaller cars.