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
We haven't dropped the goal, ... It's obviously tougher right now as we have pension and health-care costs right now, for example.
We haven't asked for a bailout but we have asked for a lot of things and the reaction in Washington has been very slow.
The fact is that errors were made, and we can't change that. What we have done is disclose our mistakes and work as diligently as we can to fix them.
The decisions we are announcing today were very difficult to reach because of their impact on our employees and the communities where we live and work. But these actions are necessary for G.M. to get its costs in line with our major global competitors.