General Motors
After Harvard, he joined GM as an analyst in the treasurer's office. In 1981, he became treasurer of GM's Brazil subsidiary and later served as managing director.
In 1992, he was named GM's chief financial officer, in 1994 he became executive vice president and/or president of North American Operations, and in 1998 he was named president and chief operating officer.
After GM lost $30 billion during a single three-year stretch in the early 1990s, Wagoner and Chairman John F. "Jack" Smith Jr. forced GM "back to basics" to battle "30 years of management mistakes" that left him with little room to maneuver.
Read more about this topic: Rick Wagoner
Famous quotes containing the words general and/or motors:
“The general feeling was, and for a long time remained, that one had several children in order to keep just a few. As late as the seventeenth century . . . people could not allow themselves to become too attached to something that was regarded as a probable loss. This is the reason for certain remarks which shock our present-day sensibility, such as Montaigne’s observation, “I have lost two or three children in their infancy, not without regret, but without great sorrow.””
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