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GM Filing Expected 8 a.m. Monday; Koch to be Named Restructuring Chief (Alix Partners = Dem. Donors)
Wall Street Journal ^ | 5/31/09 | JEFFREY MCCRACKEN and MIKE SPECTOR

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 ...


TOPICS: Business/Economy; Government; News/Current Events; US: Michigan
KEYWORDS: alix; alkoch; automakers; bankruptcy; clowncars; demdonors; generalmotors; gm; governmentmotors; michigan; obamamotors
ALIX, JAY SOUTHFIELD,MI 48075 ALIXPARTNERS 10/20/04 $20,000 Democratic Senatorial Campaign Cmte (D)

ALIX, JAY SOUTHFIELD,MI 48075 ALIXPARTNERS 10/18/04 $5,000 Democratic Senatorial Campaign Cmte (D)

1 posted on 05/31/2009 2:06:01 PM PDT by jimbo123
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To: All

KOCH, ALBERT A
BLOOMFIELD HILLS,MI 48304 ALIX PARTNERS LLC/ATTORNEY 11/29/05 $1,000 Biden, Joseph R Jr (D)


2 posted on 05/31/2009 2:12:01 PM PDT by jimbo123
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To: jimbo123

http://en.wikipedia.org/wiki/Chainsaw_Al


3 posted on 05/31/2009 2:17:02 PM PDT by Paladin2 (Big Ears + Big Spending --> BigEarMarx, the man behind TOTUS)
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To: Paladin2

The Al that GM really needs.


4 posted on 05/31/2009 2:17:25 PM PDT by Paladin2 (Big Ears + Big Spending --> BigEarMarx, the man behind TOTUS)
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To: jimbo123

And all GM warranty work will be covered under Obama’s universal health care plan!


5 posted on 05/31/2009 2:20:25 PM PDT by Emmett McCarthy
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To: jimbo123

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?

Oh wait...
Democrats are no longer subject to inconvenient things like ETHICS, are they?!


6 posted on 05/31/2009 2:23:24 PM PDT by tcrlaf ("Hope" is the most Evil of all Evils"-Neitzsche)
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To: Paladin2

7 posted on 05/31/2009 2:24:59 PM PDT by Paladin2 (Big Ears + Big Spending --> BigEarMarx, the man behind TOTUS)
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To: Paladin2
The Al that GM really needs.

That's a joke, right?

8 posted on 05/31/2009 2:30:10 PM PDT by dfwgator (1996 2006 2008 - Good Things Come in Threes)
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To: dfwgator

Yep, though he’s really not all that different from 0be.


9 posted on 05/31/2009 2:31:07 PM PDT by Paladin2 (Big Ears + Big Spending --> BigEarMarx, the man behind TOTUS)
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To: Paladin2

We studied this guy in our MBA class, he was a first-class huckster.


10 posted on 05/31/2009 2:32:07 PM PDT by dfwgator (1996 2006 2008 - Good Things Come in Threes)
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To: jimbo123

Oh Me! “GOOBER MOTORS” going down.


11 posted on 05/31/2009 2:42:23 PM PDT by boothead
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To: boothead

Mr. Maggie Carta said GM now stands for “Gone Motors.” Or something like that. I really wasn’t listening to him...


12 posted on 05/31/2009 2:53:11 PM PDT by MaggieCarta (We're all Detroiters now.)
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To: dfwgator

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.


13 posted on 05/31/2009 3:05:13 PM PDT by Paladin2 (Big Ears + Big Spending --> BigEarMarx, the man behind TOTUS)
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To: tcrlaf
Oh wait... Democrats are no longer subject to inconvenient things like ETHICS, are they?!

Dims haven't been subject to the law in general and ethics in particular since LBJs days. The period of the communist youth revolution.

14 posted on 05/31/2009 3:27:29 PM PDT by Nuc1 (NUC1 Sub pusher SSN 668 (Liberals Aren't Patriots))
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To: jimbo123

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.


15 posted on 05/31/2009 3:28:39 PM PDT by FlingWingFlyer (Gibbs needs to be "exceedingly careful" when threatening the American people.)
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To: jimbo123

And people thought Enron and Haliburton were BAD. Ha!


16 posted on 05/31/2009 3:47:42 PM PDT by patriot preacher (To be a good American Citizen and a Christian IS NOT a contradiction. (www.mygration.blogspot.com))
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To: Paladin2

That’s a different “Al”, I believe.


17 posted on 05/31/2009 4:01:19 PM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: jimbo123
General Motors Corp. is expected to name turnaround executive Al Koch as its new chief restructuring officer

"I'm looking forward to a long and meaningful career as the new leader of this great company."

18 posted on 05/31/2009 4:03:26 PM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: wafflehouse; Leisler; PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; nicksaunt; ...
*Ping!*
19 posted on 05/31/2009 4:59:33 PM PDT by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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To: Nuc1

LBJ's official Presidential portrait with Silver Star ribbon on lapel. He wore it all his life.

The truth on how he 'won' it.

20 posted on 05/31/2009 5:12:09 PM PDT by Leisler ("It is terrible to contemplate how few politicians are hanged."~G.K. Chesterton)
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To: FlingWingFlyer
Ghetto Motors.

21 posted on 05/31/2009 5:14:53 PM PDT by Leisler ("It is terrible to contemplate how few politicians are hanged."~G.K. Chesterton)
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To: jimbo123

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.


22 posted on 05/31/2009 5:29:14 PM PDT by Freedom_Is_Not_Free (Depression Countdown: 55... 54... 53...)
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To: jimbo123

Do we get back our $19.4 billion?


23 posted on 06/01/2009 12:13:40 AM PDT by Selmore (Trying to breath in the World Trade Center was torture)
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To: Leisler

One of the most evil presidents in our history. LBJ did more to kill this country than any other person in history.


24 posted on 06/01/2009 2:05:07 PM PDT by Nuc1 (NUC1 Sub pusher SSN 668 (Liberals Aren't Patriots))
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To: jimbo123

The TOTUS 0B0Z0 has put a 31 year kid in charge of dismantling GM:

http://finance.yahoo.com/family-home/article/107136/The-31-Year-Old-in-Charge-of-Dismantling-G.M.?mod=family-autos

The 31-Year-Old in Charge of Dismantling G.M.
by David E. Sanger
Monday, June 1, 2009
provided by

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 — “he’s got this beard that appears and disappears,” says Steven Rattner, one of the leaders of President Obama’s automotive task force — Mr. Deese was thrown into the auto industry’s 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


25 posted on 06/01/2009 5:38:26 PM PDT by Grampa Dave (Does Zer0 have any friends, who are not criminals, foriegn/domestic terrorists, or tax cheats?)
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