Ex-Hedge Fund Exec. Charged With GM Turnaround

Apr 9 2009 | 1:49am ET

A former hedge fund executive has been dispatched from Washington to Detroit to help speed General Motors’ turnaround.

Harry Wilson, a former partner at Silver Point Capital, is leading a team of 15 from President Barack Obama’s auto industry task force that includes experts from Boston Consulting Group and the investment bank Rothschild.

The task force last week gave GM 60 days to make enough budget cuts to keep it viable. New CEO Fritz Henderson, who got the job when the Obama administration forced former CEO Rick Wagoner to quit, told the Detroit Free Press he expects the Wilson team to work at GM’s headquarters through the deadline.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

AIMA: How The U.K.'s SMCR Will Affect U.S. Firms

Jun 20 2017 | 6:29pm ET

U.S. investment managers need to think seriously about how tough new U.K. conduct...

 
Error

From the current issue of