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By Steven Rattner and Harry J. Wilson Tuesday's announcement that Fritz Henderson is stepping down as chief executive of General Motors vividly demonstrates the central role that the company's board of directors is playing as the nation's largest auto... Full Article at Wall Street Journal
Affiliates of Quadrangle Capital Partners, the media investment arm of Steven Rattner's Quadrangle Group, are selling their entire holdings of 2.3 million shares in theater group Cinemark Holdings Inc. Full Article at Dallas Morning News Business
Carlos Ghosn (L), Chairman and Chief Executive Officer of Renault-Nissan Alliance, speaks to former U.S. Treasury Department Auto Task Force head, Steven Rattner, as he listens at the Council on Foreign Relations in New York, November 19, 2009. View Photo »
Everyone knew Detroit’s reputation for insular, slow-moving cultures ... Even by that low standard, I was shocked by the stunningly poor management that we found.
There were so many reasons for the departure of Fritz Henderson from the top spot at taxpayer-owned General Motors Co. , it's tough to pick just one. Could it be Chairman "Big Ed" Whitacre's "take charge" personality? Full Article at Chicago Tribune
But much of the barrage of criticism is unfair, and some of it is simply ignorant. For a guy calling others ignorant, though, what is supposed to be a defense of Bernanke (but is, instead, a defense of MOTUs generally) is really stupid. Full Article at Emptywheel
DETROIT — General Motors Co. Chief Executive Fritz Henderson has resigned, marking the loss of the company’s second CEO this year, a source told the Detroit Free Press. Full Article at Ventura County Star
Steven Rattner, Former Head of U.S. Treasury Department's Auto Task Force, speaks at the Council on Foreign Relations in New York, November 19, 2009. View Photo »
Chrysler was tougher, having been larded up with debt, hollowed out by years of mismanagement, and operating as just a North American player
DETROIT - And so Fritz Henderson will go down in General Motors history as the chief executive officer who took the company through bankruptcy. What happened? Why did GM's board of directors fire him Tuesday (no, he didn't leave on his own volition)? Full Article at Motor Trend
Fritz Henderson's shock resignation as CEO of General Motors today (Tuesday) was a bolt from the blue. As of this morning, Henderson was still very much running America's largest automaker. Full Article at Motor Trend
Steven "Steve" Lawrence Rattner is an American financier and private equity investor. He is one of the four founding partners of the private investment firm Quadrangle Group, which invests media and communications companies globally. Full Article
Carlos Ghosn (L), Chairman and Chief Executive Officer of Renault-Nissan Alliance, speaks to former U.S. Treasury Department Auto Task Force head, Steven Rattner, as he listens at the Council on Foreign Relations in New York, November 19, 2009.
View Photo »Steven Rattner, Former Head of U.S. Treasury Department's Auto Task Force, speaks at the Council on Foreign Relations in New York, November 19, 2009.
View Photo »NEW YORK - NOVEMBER 18: A general view of atmosphere during the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: A general view of atmosphere during the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: A general view of atmosphere during the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: A general view of atmosphere during the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: A general view of atmosphere during the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: A general view of atmosphere during the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: Wall Street financier Steven Rattner attends the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: Wall Street financier Steven Rattner attends the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: Wall Street financier Steven Rattner attends the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: Wall Street financier Steven Rattner attends the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »NEW YORK - NOVEMBER 18: Wall Street financier Steven Rattner attends the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
View Photo »Steven Rattner, Former Head of U.S. Treasury Department's Auto Task Force, speaks at the Council on Foreign Relations in New York, November 19, 2009.
View Photo »Everyone knew Detroit’s reputation for insular, slow-moving cultures ... Even by that low standard, I was shocked by the stunningly poor management that we found.
Chrysler was tougher, having been larded up with debt, hollowed out by years of mismanagement, and operating as just a North American player
For Chrysler, the biggest challenges are its need to regenerate its product line up and to manage a significantly leveraged balance sheet
I'm not planning to stay until I'm 65 but I think I've got at least a few years left in me. But I told the last administration that if my leaving would be helpful to saving General Motors, I'm prepared to do it.
They were understandably suspicious about a Wall Street guy who hadn't even been to Detroit in three decades
We were shocked, even beyond our low expectations, by the poor state of both GM and Chrysler. Looking just at the condition of GM's finances and Chrysler's new-car pipeline, the case for a bailout was weak
We were shocked, even beyond our low expectations, by the poor state of both GM and Chrysler. Looking just at the condition of GM's finances and Chrysler's new-car pipeline, the case for a bailout was weak
As a University of Chicago laboratory experiment, (Goolsbee) may well have been right. But we were dealing with people's lives, not mice
The hardest decision we made was what to do about Chrysler
- michaelsnewyork
4 hours ago
- iron4444mrs
4 days ago
- caddyinfo
5 days ago
Here's a proposal for GM's CEO job: Steven Rattner. (Michigan collectively gasps!)
- NathanBomey 1 week ago
- agarom
1 week ago
