Word: months
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Dates: during 2000-2009
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When Fritz Henderson abruptly resigned earlier this month as CEO after failing to get a vote of confidence from GM's new board of directors, chairman and acting CEO Ed Whitacre wasted no time in elevating a team of young executives to power positions, among them Mark Reuss, 46, named president of GM's North American operations, and Susan Docherty, 47, named vice president of sales and marketing, making her the most influential female executive in the company's 101-year history...
...plans to start paying back its government loans this month. Repaying the direct government loans well ahead of the 2015 date contemplated by the Treasury Department when it helped GM reorganize during the bankruptcy is the first step toward an initial public offering of stock in the new GM. While GM received more than $50 billion in federal aid, only about $6.2 billion will be repaid in cash; the U.S. Treasury agreed to take stock in lieu of cash for much of the remainder, which gave the government a 60.8% stake in the new GM. Earlier this week, Treasury Secretary...
General campus development in Allston, the third and final phase of the new plan, will occur “as resources allow and only after a targeted evaluative process that will begin next month.” The process will be led by a new guided Work Team “with expertise in design, urban planning, business strategy, real estate development, and public policy,” according to the letter. The committee will include Peter Tufano, senior associate dean for planning and university affairs at Harvard Business School, Bill Purcell, director of the Institute of Politics and former...
...America's Sexiest Man" centerfold in Cosmopolitan) has emphasized throughout the campaign. Though Massachusetts has not sent a Republican to the Senate in nearly four decades, animus over the proposed bill has helped Brown erase the double-digit lead Coakley enjoyed as recently as earlier this month. The state attorney general, Coakley, 56 - who would be Massachusetts' first female U.S. Senator - is known as a fierce prosecutor, social progressive and shrewd politician, but she has drawn criticism for running a lackluster campaign. (See Ted Kennedy's life in pictures...
...government could take longer to assess. A parliamentary commission is set to investigate the air strike next week, and Germany's current Defense Minister, Karl-Theodor zu Guttenberg, one of the country's most popular politicians, has already been forced into an embarrassing repudiation of his statement last month that the air strike had been "militarily appropriate." (Read "Much Work Ahead for German Chancellor Merkel...