bankruptcy

GM CEO Rick Wagoner Claims Bankruptcy = Liquidation
Colin Mathews By Colin Mathews

GM CEO Rick Wagoner Claims Bankruptcy = Liquidation

03/17/2009

First GM was anti-bankruptcy because they said it would tarnish their image beyond repair. But this morning at a breakfast in D.C., CEO Rick Wagoner sounded the full Chapter 7 alarm. He claimed that filing for Chapter 11 bankruptcy protection would ultimately push the auto giant into liquidation...

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