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Rick Wagoner
George Richard "Rick" Wagoner Jr. (born February 9, 1953) is an American businessman and former chair and chief executive officer of General Motors. Wagoner resigned as chairman and CEO at General Motors on March 29, 2009, at the request of the White House. The latter part of Wagoner's tenure as CEO of General Motors found him under heavy criticism as the market valuation of GM went down by more than 90% and the company lost more than US$82 billion. He is a board member of ChargePoint, an electric vehicle infrastructure company. Family and education Wagoner was born in Wilmington, Delaware and grew up in Richmond, Virginia. He graduated from John Randolph Tucker High School there, where he was named "Best All Around" student in his graduating class. He received a BA in Economics from Duke University in 1975. He then attended Harvard Business School, from which he received an MBA in 1977. He is married and has three adult sons. While at Duke, he became a member of the ...
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Wilmington, Delaware
Wilmington is the List of municipalities in Delaware, most populous city in the U.S. state of Delaware. The city was built on the site of Fort Christina, the first Swedish colonization of the Americas, Swedish settlement in North America. It lies at the confluence of the Christina River and Brandywine Creek (Christina River tributary), Brandywine Creek, near where the Christina flows into the Delaware River. It is the county seat of New Castle County, Delaware, New Castle County and one of the major cities in the Delaware Valley metropolitan area. Wilmington was named by Proprietor Thomas Penn after his friend Spencer Compton, 1st Earl of Wilmington, who was Prime Minister of the United Kingdom, prime minister during the reign of George II of Great Britain. As of the 2020 United States census, 2020 census, the city's population was 70,898. Wilmington is part of the Delaware Valley metropolitan statistical area (which also includes Philadelphia, Reading, Pennsylvania, Reading, Cam ...
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Business Roundtable
The Business Roundtable (BRT) is a nonprofit lobbyist association based in Washington, D.C. whose members are chief executive officers of major U.S. companies. Unlike the United States Chamber of Commerce, whose members are entire businesses, BRT members are exclusively CEOs. The BRT lobbies for public policy that is favorable to business interests, such as lowering corporate taxes in the U.S. and internationally, as well as international trade policy like the North American Free Trade Agreement. In 2019, the BRT redefined its definition of the purpose of a corporation as participating in stakeholder capitalism, putting the interests of employees, customers, suppliers, and communities on par with shareholders. The BRT's board members include, as of 2024, chair Chuck Robbins of Cisco (CEO); former White House chief of staff Joshua Bolten; Mary Barra of General Motors; Tim Cook of Apple; and Jamie Dimon of JPMorgan Chase. History On October 13, 1972, the March Group, co-founde ...
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Fritz Henderson
Frederick Arthur "Fritz" Henderson (born November 29, 1958) was president and chief executive officer of General Motors. Prior to his appointment as CEO on March 31, 2009, Henderson was the Vice President of General Motors and had been with the company since 1984. Frederick Henderson resigned as the CEO of General Motors on December 1, 2009. He replaced Rick Wagoner as CEO of GM when Wagoner stepped down after serving in that position for eight years, at the request of President Barack Obama in relation to the General Motors Chapter 11 reorganization. Henderson assumed the new position on March 31, 2009. Early life and education Henderson was born in Detroit, Michigan. He is a 1976 graduate of Lake Orion High School in Lake Orion, Michigan. He holds a Bachelor of Business Administration degree from the University of Michigan's Ross School of Business and a Master of Business Administration degree from Harvard Business School. During his time at Michigan, Henderson pitched fo ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, '' Bloomberg Businessweek'', '' Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has been editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Jo ...
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Robert Nardelli
Robert Louis "Bob" Nardelli (born May 17, 1948) is an American businessman who was the CEO of Freedom Group from September 2010 to March 2012. Prior to that role, Nardelli served as chairman and CEO of Chrysler from August 2007 to April 2009 and CEO of The Home Depot from December 2000 to January 2007. Before joining The Home Depot, Nardelli spent most of his career at General Electric and had risen to become one of the top three executives competing to succeed Jack Welch. Early life Born in Old Forge, Lackawanna County, Pennsylvania, Nardelli attended Rockford Auburn High School in Rockford, Illinois and received his Bachelor of Science in business from Western Illinois University in Macomb, where he was a member of the Tau Kappa Epsilon fraternity. Nardelli also earned an MBA from the University of Louisville. He is married to Susan L. Schmulbach with four children and attends Roman Catholic church. Career General Electric He joined General Electric in 1971 as an e ...
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Alan Mulally
Alan Roger Mulally (born August 4, 1945) is an American aerospace engineer and manufacturing executive. He was the CEO of Boeing Commercial Airplanes from 1998 to 2006, and later as president and chief executive officer of the Ford Motor Company from 2006 to 2014. He began his career with Boeing as an engineer in 1969 and was largely credited with Boeing's resurgence against Airbus in the mid-2000s. Mulally is also widely credited with turning around Ford during the Great Recession, when American competitors were declared bankrupt and were bailed out by the federal government. Mulally's achievements at Ford are chronicled in the book '' American Icon: Alan Mulally and the Fight to Save Ford Motor Company'' by Bryce G. Hoffman, published in 2012. On July 15, 2014, he was appointed to the Board of Directors of Google, a position which he had left by 2024. In 2015, Mulally was inducted into the International Air & Space Hall of Fame at the San Diego Air & Space Museum. Early lif ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ...
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Bob Lutz (businessman)
Robert Anthony Lutz (born February 12, 1932) is a Swiss-American automotive executive. He served as a top leader of all of the United States Big Three automobile manufacturers, having been in succession executive vice president (and board member) of Ford Motor Company, president and then vice chairman (and board member) of Chrysler Corporation, and vice chairman of General Motors. Early life Lutz was born in Zürich, Switzerland, the son of Margaret and Robert Harry Lutz. His father was a vice chairman of Credit Suisse. Lutz emigrated from Switzerland to the United States aged seven, spending time in Scarsdale, New York, becoming a U.S. citizen in 1943, and returned to Switzerland in 1947 to attend school in Lausanne. He is fluent in English, French, and German. He has modest fluency in Italian. Lutz received a bachelor's degree in production management in 1961, followed by an MBA with a concentration in marketing with highest honors in 1962, both from the University of Cali ...
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Hybrid Vehicle
A hybrid vehicle is one that uses two or more distinct types of power, such as submarines that use diesel when surfaced and batteries when submerged. Other means to store energy include pressurized fluid in hydraulic hybrids. Hybrid powertrains are designed to switch from one power source to another to maximize both fuel efficiency and energy efficiency. In hybrid electric vehicles, for instance, the electric motor is more efficient at producing torque, or turning power, while the combustion engine is better for maintaining high speed. Improved efficiency, lower emissions, and reduced running costs relative to non-hybrid vehicles are three primary benefits of hybridization. Vehicle types Two-wheeled and cycle-type vehicles Mopeds, electric bicycles, and even electric kick scooters are a simple form of a hybrid, powered by an internal combustion engine or electric motor and the rider's muscles. Early prototype motorcycles in the late 19th century used the same principle ...
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Electric Car
An electric car or electric vehicle (EV) is a passenger car, passenger automobile that is propelled by an electric motor, electric traction motor, using electrical energy as the primary source of propulsion. The term normally refers to a plug-in electric vehicle, typically a battery electric vehicle (BEV), which only uses energy stored in electric vehicle battery, on-board battery packs, but broadly may also include plug-in hybrid electric vehicle (PHEV), range extender, range-extended electric vehicle (REEV) and fuel cell electric vehicle (FCEV), which can convert electric power from other fuels via a electric generator, generator or a fuel cell. Compared to conventional internal combustion engine (ICE) vehicles, electric cars are quieter, more responsive, have superior energy conversion efficiency and no exhaust gas#Main motor vehicle emissions, exhaust emissions, as well as a typically lower overall carbon footprint from manufacturing to end of life (even when a power pl ...
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General Motors EV1
The General Motors EV1 is a battery electric car produced by the American automaker General Motors from 1996 until its demise in 1999. A subcompact car, the EV1 marked the introduction of mass produced and purpose-built battery electric vehicles. The conception of the EV1 dates back to 1990 when GM introduced the battery electric "Impact" prototype, upon which the design of the production EV1 was largely inspired. The California Air Resources Board enacted a mandate in 1990, stating that the seven leading automakers marketing vehicles in the United States must produce and sell zero-emissions vehicles to maintain access to the California market. Mass production commenced in 1996. In its initial stages of production, most of them were leased to consumers in California, Arizona, and Georgia. Within a year of the EV1's release, leasing programs were also launched in various other American states. In 1998 GM unveiled a series of adaptations for the EV1, encompassing a series h ...
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