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
I think it's going to be silly not to take the competitive threat seriously. If we haven't learned any lessons from Japan and Korea, we deserve the things that befall us, ... On the flip side, the growth in China continues to be so strong that our guess is that most of the capacity in China will be used to meet Chinese needs.
I was willing to go just about anywhere in the U.S. for the best job - except New York City. Of course, I received a job offer from GM - in New York City.
History shows you don't know what the future brings.
Our financial performance continues to be quite disappointing,
Our fate is going to be determined in the next three to five years on getting this business in the U.S. turned around and profitable,
Overall economic growth in Europe hasn't been robust and the car market hasn't been robust,
Our relationship is strong, and we look forward to our continued partnership. This transaction will allow us to preserve our business relationship, while further building up GM's already significant liquidity position during this critical phase of our turnaround.
GM's top priority is to restore our North American operations to profitability and positive cash flow as quickly as possible. In 2005, we laid out a comprehensive and integrated strategy to address the structural issues that impede our competitiveness and profitability, and we are focused on rapidly executing all aspects of the turnaround plan.
GM had some notable sales successes as we continued to expand in key growth markets around the world in 2005.
We expect to see improved results in 2006 and further progress in 2007.
Stan O'Neal has been a great asset on the GM Board and to General Motors management over his 5 years of service as a director. We are grateful for his many positive contributions to General Motors and wish him the best.
The issue obviously gets ample attention and discussion on the board and we are well informed,
I'm not sure I'm going to make a lot of progress by scorekeeping everybody's sacrifice.
I'm not sure we think it's a win to talk about what you're taking out.