The company hasn't logged a profit since 2004, reporting losses since then of $82 billion. It nearly ran out of money at the end of 2008 before the Treasury Department provided emergency loans. GM's stock was trading above $70 when Mr. Wagoner took over as CEO in June of 2000. Shares closed last week trading at $3.62, placing the company's market capitalization at $2.21 billion. (SOURCE: WSJ, 3/30/2009)
Tuesday, March 31, 2009
WILL WAGONER GET A GOLDEN PARACHUTE?
If we look at GM's record while he was CEO, we'd say absolutely not:
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