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
closely confidence consumer determine economic effect last monitor outlook prepared production resilient somewhat soon vehicle
While vehicle deliveries were somewhat resilient last week, it is too soon to determine the effect on consumer confidence, ... We will closely monitor the economic outlook and will be prepared to make appropriate production adjustments.
america enhance fully future gm goes large maintain necessary north position recognize sounds viability
While this sounds like a large number, we recognize that it only goes part of the way we need to go to put GM North America in the fully competitive position that is necessary to maintain and enhance our future viability and growth.
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.
agree american-businessman blow time whistle
We don't always agree on stuff, but when it's time to blow the whistle and start the game, we're not still debating.
american-businessman believe dollar exchange fair intervene japan massive practice rates
We believe in fair exchange rates and Japan doesn't practice that. They have massive U.S. dollar reserves, and they use them to intervene regularly.
believe dollar exchange fair intervene japan massive practice rates
We believe in fair exchange rates and Japan doesn't practice that, ... They have massive U.S. dollar reserves, and they use them to intervene regularly.
cost excited good moving news people price products successful supported
The good news is, we know what we need to do to be successful in the business. What we need to do is get products that people are excited about and price them the right way, supported by the right kind of cost structure, and I think in that sense it's moving pretty good.
american-businessman concept management regional
Ford, as I understand it, had done away with the concept of regional management, and now they've re-introduced that in Europe, so it's kind of a two-way street.
competition cost factor overall primary
It's one factor that's important in our overall cost competitiveness. I can't tell you it's the only or the primary thing for us,
bring continue existing facilities foundation future global pivotal plants played processes provide role
Don has played a pivotal role in strengthening GM's global manufacturing competitiveness, ... His contributions provide an important foundation for our future as we continue to bring these world-class manufacturing processes to new plants and existing facilities around the world.
asked board career chairman continues develop fritz gm grow hope identify job jobs logical took
That's silly. Fritz took the CFO job because I asked him to, and the board approved. It was a logical progression in his career and I hope Fritz continues to develop and grow. One of my most important jobs as chairman of GM is to identify and grow talent.
brought business convinced given hide run turning
I've given no thought to anything but turning the business around, ... I wasn't brought up to run and hide when things get tough. I'm convinced that's the way that things get righted.
capacity chosen classic example good high left list oklahoma plant plants quality quite satisfy sure
Oklahoma City, (which makes the mid-sized SUV) is a very good plant but a classic example of ... just having too much capacity in that segment, ... That's why that plant in on the list today. We don't have any plants left that aren't very high quality and quite productive. I'm sure I'm not going to satisfy any plant as why they've been chosen to be on the list.
exactly last sure
That's about what it was in 2004. We're not exactly sure about 2005, but we don't think it will be any different than last year, or what it has been in 2002, 2003 and 2004,