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 ...
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
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 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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