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
agreed business executive performance price reduce step stock structured system total
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.
avoid disagree disruption expects gm honor might public step
We disagree with Delphi?s approach, but we anticipated that this step might be taken. GM expects Delphi to honor its public commitments to avoid any disruption to GM operations.
again among days decide decided expect forms interest next others ready step terms time various work
We're going to take some time here, think in terms of 30 to 60 days, to step back and decide the next step in this journey, ... There's interest among others for various forms of transactions. So we'll have options. We just haven't decided yet what makes the most sense for GM. In 30 to 60 days we'll be ready to try again with something that we expect will work this time.
bold designed further gm improve position step success transition
These bold initiatives are designed to immediately improve our competitiveness and position GM for long-term success and today's transition is a further step in that direction.
competition continues demand efforts eliminate industry intensely lower mixed pressures price reinforce results step strong territory venture waste
These results reinforce the need to step up our efforts to eliminate waste and lower costs, ... The industry continues to venture into new territory -- near-record demand mixed with unprecedented price pressures and intensely strong competition on all fronts.
life planning step worry
Don't worry about planning every step of your life.
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.
actions address basis costs financial further global gm good implement improve line moving north order position quickly reduce results several sight steps structural weaknesses
In order to improve financial results in 2006 and 2007, we are moving quickly to implement several important actions that will address these weaknesses in North America. And we have a good line of sight on the steps we need to take to further reduce structural costs on a global basis that will position GM for long-term success.
announce biggest build cost forward history reduction single step
This is a very big step forward that we will build on, ... the single biggest cost reduction that we've probably been able to announce in a single day in the history of G.M.
pass toyota
I think we'll probably pass Toyota in the U.S. on the workers-per-vehicle metric.
brings business experience gm industry jerry knowledge pleased welcome
Jerry brings years of business experience and knowledge of the automotive industry to the GM board. We are pleased to welcome him to our Board.
american-businessman began chance clearly conversation direct head huge review
I remember very clearly at the first budget review having a pretty direct conversation with the head of manufacturing... We began to get huge improvements in productivity and responsiveness. I got a chance to see that firsthand.
last months nine north turnaround
Over the last nine months we have been aggressively implementing our North American turnaround plan.
continues financial performance quite
Our financial performance continues to be quite disappointing,