G. Richard Wagoner Jr. Speaker & Booking Information

Chairman and Chief Executive Officer of General Motors of Mexico
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George Richard "Rick" Wagoner, Jr. (born February 9, 1953) is an American businessman and former Chairman 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 $82 billion USD. This led to his being named one of the worst CEOs of 2008.

Wagoner became president and chief executive officer in June 2000 and was elected chairman on May 1, 2003. Under his leadership, GM suffered more than $85 billion in losses. In an interview, Wagoner stated that the worst decision of his tenure at GM was "axing the EV1 electric-car program and not putting the right resources into hybrids. "It didn’t affect profitability," Wagoner claimed, "but it did affect image". In April 2005 Wagoner took back personal control of GM's North American car division in light of its poor performance. In early June 2005 Wagoner announced that GM in the United States would close several plants and shed 25,000 employees (17% of GM's U.S. workforce) by 2008. The cuts will result in GM production reducing output by one million cars and trucks (from 6 million to 5 million). In the Automotive industry crisis of 2008–2009, Wagoner came under renewed pressure as GM sought financial support from the U.S. government in an attempt to avoid bankruptcy. During the latter half of 2008, Wagoner and GM maintained that bankruptcy was "not an option that GM is considering," despite rapidly running out of capital. This stance was called "presumptuous" by some observers.  Within 9 months, GM was to declare bankruptcy. During hearings for government loans to the Big Three Automakers, Wagoner, Alan Mulally and Robert Nardelli were criticized for flying to Washington, D.C. in corporate jets. For a subsequent meeting, the three CEOs drove from Detroit to Washington by hybrid cars. The BBC reported that Wagoner was popular among GM employees and reporters. However, it cites that he lacked the "ruthless streak needed to make the tough decisions required to bring GM back from the brink of bankruptcy." While analysts have praised Wagoner for operational improvements, cost-cutting moves and the appointment of Bob Lutz to oversee product execution, others criticized him for his incremental approach to change, largely as he resisted making the drastic cuts demanded by that of the market and US government. Throughout the first months of 2009, Wagoner argued that a bankruptcy would be more costly than a government bailout. However, there remained lingering doubts that he was implementing the restructuring moves necessary to remain viable in the future without further government loans.  On March 29, 2009, Wagoner agreed to immediately resign his position as GM Chairman and CEO, as part of the Obama administration deal to provide GM with further short-term financing. The following day, the US government rejected GM's initial restructuring plan and gave the company 60 days to come with a new proposal or be forced into bankruptcy. He was replaced as CEO by Fritz Henderson, who had been serving as GM's President and Chief Operating Officer. After 32 years at GM, Wagoner retired with an exit package of over $10 million: $1.65 million in benefits per year for his first five years of retirement, $74,030 per year pension for the rest of his life, and a $2.6 million life insurance policy that can be cashed out at any time.

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NOPACTalent acts as a Celebrity Speakers Bureau and Athlete Booking agency for corporate functions, appearances, private events and speaking engagements. NOPACTalent does not claim or represent itself as G. Richard Wagoner Jr.’s speakers bureau, agent, manager or management company for G. Richard Wagoner Jr. or any celebrity on this website. NOPACTalent represents organizations seeking to hire motivational speakers, athletes, celebrities and entertainers for private corporate events, celebrity endorsements, personal appearances, and speaking engagements.

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