Saturday, 1 November 2014
Last updated 16 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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