How Does GM Fritz Henderson Handle The Bankruptcy?
Even though General Motors had been experiencing some difficult times during the last few years, including mismanagement with regards to executives, the recent announcement of bankruptcy still sent shock waves through the country. After all, General Motors had been a symbol of American innovation for decades. In March of this year, shortly after the U.S. president ordered CEO Rick Wagoner to be fired from his position in General Motors, GM Fritz Henderson assumed his position at the helm. Unfortunately for Wagoner, his attempts at restructuring the company after receiving numerous loans and bailouts didn’t work, and as a result, the task was handed over to GM Fritz Henderson, not to mention that he was also unable to save the company from collapse. Quite understandably, many people are wondering why the task was handed to Henderson in the first place, considering he had been vice president at that time when General Motors applied for bankruptcy. What Events Led Up To General Motors Fil
