Skip to comments.GM Filing Expected 8 a.m. Monday; Koch to be Named Restructuring Chief (Alix Partners = Dem. Donors)
Posted on 05/31/2009 2:06:00 PM PDT by jimbo123
General Motors Corp. is expected to name turnaround executive Al Koch as its new chief restructuring officer to guide the auto maker's trip through Chapter 11 bankruptcy protection, according to people familiar with the matter.
Mr. Koch, a managing director at the advisory firm AlixPartners LLP, will be named to the post when GM files its bankruptcy papers at 8 a.m. Monday at the U.S. Bankruptcy Court in New York's Southern District, these people said. He will be the highest-ranking outsider in GM's officer ranks and oversee about 60 Alix employees working for the auto maker.
(Excerpt) Read more at online.wsj.com ...
ALIX, JAY SOUTHFIELD,MI 48075 ALIXPARTNERS 10/18/04 $5,000 Democratic Senatorial Campaign Cmte (D)
KOCH, ALBERT A
BLOOMFIELD HILLS,MI 48304 ALIX PARTNERS LLC/ATTORNEY 11/29/05 $1,000 Biden, Joseph R Jr (D)
The Al that GM really needs.
And all GM warranty work will be covered under Obama’s universal health care plan!
LET’S REVIEW, SHALL WE?
A Big-time Democrat Donor is going to get FILTHY STINKIN’ RICH pocketing HUGE, unimaginable fees from this.
ETHICS INVESTIGATION, ANYONE?
Democrats are no longer subject to inconvenient things like ETHICS, are they?!
That's a joke, right?
Yep, though he’s really not all that different from 0be.
We studied this guy in our MBA class, he was a first-class huckster.
Oh Me! “GOOBER MOTORS” going down.
Mr. Maggie Carta said GM now stands for “Gone Motors.” Or something like that. I really wasn’t listening to him...
Not unlike 0be. On the other hand GM needs to cut deeply to get to it’s breakeven point inline with current US market sales rates.
Dims haven't been subject to the law in general and ethics in particular since LBJs days. The period of the communist youth revolution.
It’s all downhill from here. Once Government Motors starts puking out those “green” cars that nobody wants, it should be all over quickly. RIP GM.
And people thought Enron and Haliburton were BAD. Ha!
That’s a different “Al”, I believe.
"I'm looking forward to a long and meaningful career as the new leader of this great company."
LBJ's official Presidential portrait with Silver Star ribbon on lapel. He wore it all his life.
Watch out if you are a Republican and own a GM dealership. Obama is closing all the Republican Chrysler dealers and will do the same to GM dealers. You better make that last-minute BIG contribution to Obama’s re-election and to the DNC before they close your ass.
Do we get back our $19.4 billion?
One of the most evil presidents in our history. LBJ did more to kill this country than any other person in history.
The TOTUS 0B0Z0 has put a 31 year kid in charge of dismantling GM:
The 31-Year-Old in Charge of Dismantling G.M.
by David E. Sanger
Monday, June 1, 2009
It is not every 31-year-old who, in a first government job, finds himself dismantling General Motors and rewriting the rules of American capitalism.
But that, in short, is the job description for Brian Deese, a not-quite graduate of Yale Law School who had never set foot in an automotive assembly plant until he took on his nearly unseen role in remaking the American automotive industry.
Nor, for that matter, had he given much thought to what ailed an industry that had been in decline ever since he was born. A bit laconic and looking every bit the just-out-of-graduate-school student adjusting to life in the West Wing hes got this beard that appears and disappears, says Steven Rattner, one of the leaders of President Obamas automotive task force Mr. Deese was thrown into the auto industrys maelstrom as soon the election-night parties ended.
Excerpted. Go to the link to read full article: http://finance.yahoo.com/family-home/article/107136/The-31-Year-Old-in-Charge-of-Dismantling-G.M.?mod=family-autos
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