• Aug 10, 2010
We can't be sure if he plays the Matthew Wilder original or P. Diddy's version, but we imagine Rick Wagoner waking up every morning to "Ain't nobody gonna break my stride, ain't nobody gonna slow me down, oh no...." In addition to his seat on the board of the Washington Post, Wagoner's been voted onto the board of Aleris Holding Co., an aluminum recycler. Aleris went bankrupt last year, exiting bankruptcy in May under the ownership of Oaktree Capital Management. As a producer of aluminum products, Aleris is probably looking to Wagoner's "wealth of expertise" to help it expand its markets.

[Source: Automotive News – Sub. Req. | Image: Bill Pugliano/Getty Images]


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  • 13 Comments
      • 4 Years Ago
      Incompetence rewarded
      • 4 Years Ago


      He could always sell rugs like the one he is wearing on his head.



      • 4 Years Ago
      I wish Rick nothing but the best. Talk about taking one for the team...

      And if you think he was at fault for the downfall of GM prior to bankruptcy, you need a history lesson.
        • 4 Years Ago
        Blaming on Aztek - i thought its one of the best ideas . If you remove kammaback tail , change the grill to chevy and move head lights a bit up , you may see a 2010 equinox there. It's a great idea poorly executed but the idea is getting into all new products.

        BTW Aztek was the first CAD designed car by GM. Again the marketing / product execution was not good (ex: was not able to say advantage of kammaback or was not able to put a hybrid power train at that time )

        BTW why you are not talking on 2010 Aztek, 2008 Malibu, 2010 Camaro , Traverse etc all came at his period. Why you are not talking about moving 20 Billion to Veba ? Why u don't comment on his works on getting GM china ( which is told as roaring success now ) or Daewoo acquisition (wait a bit more - Beat, Cruze all are on the way ) which is again from the Wagoner's brain. Wait for Volt. another one is Project Driveway and fuel cells.

        The new GM products - you need to wait for min 4 years to see, now GM is riding on the success of Wagoner.

        Only negatives may be

        May be he was not fast enough
        He didn't price the products right ( always sold below profit to just keep numbers up ) R&D never reached market ( ex : EV1 , Hybrid etc ). All ended at concepts level (ex: hi wire, GM Precept, EV1 variants ).

        But people has to think he started as accountant in GM.
        • 4 Years Ago
        And how exactly he was the best?! When a company does well, it's all executives achievement, sure, and they get multi-million bonuses and salaries. But when a company fails, no, the executives were the best, it just was beyond their control, act of God, you know. You must be kidding.
        • 4 Years Ago
        @ superx1919

        I read that it was Wagoner who pushed for Aztek, most GMers were against it, but he used his power to push for it. When it was received with so many negative reviews Wagoner was forced to hire someone who knew car design.............Bob Lutz.

        The man is a failure.

        That's it.

        This shows you once again, just because you have an MBA from Harvard does not mean that you qualify to run...........anything, let alone a major corporation.
        • 4 Years Ago
        @Super, let's look at Obama, the guy took over 2 years ago and everyone says that he should stop blaming Bush and own up...........after 2 years. Wagoner took over in 2000 or 2001, prior to taking over he was one of the highest ranking executives at GM. 8 years later GM was in BK and Wagoner was millions of dollar weathier. 8 years is more than enough to fix the company.

        If Obama should own a mess after 2 years there's no reason in the World Wagoner does not deserve all the blame for the BK.

        • 4 Years Ago
        Volk, you don't speak or understand English phrases very well, do you?

        Wishing someone "the best" doesn't mean you're calling them the BEST. I only hope that he does well in his next venture, and in life.

        Never did I call him the BEST.

        Don't be an ass buddy...and take some more English classes.
        • 4 Years Ago
        Actually, Wagoner WAS turning around the product (by getting the right people in charge and the focus ON the product). His major failing was on the financial side. Had he been more cognizant of the balance sheets, he may have gotten a Ford-like deal with his creditors. But he didn't, and the rest is history.

        I would not take his advice on how to control costs, but his product ideas I would listen to.
        • 4 Years Ago
        Smith & crew were really responsible for the GM mess. That dude had more hubris than brains (or ability).
      • 4 Years Ago
      Wagner was too weak/in bed with the UAW.
      It took the government to step in and demand the changes that would make GM at least in the same ball park. This should have taken place years ago under Wagner's leadership... Hope history doesn't repeat itself once times are good again.
      • 4 Years Ago
      Go away scroungy old man. You're incompetent.
      • 4 Years Ago
      @Super, let's look at Obama, the guy took over 2 years ago and everyone says that he should stop blaming Bush and own up...........after 2 years. Wagoner took over in 2000 or 2001, prior to taking over he was one of the highest ranking executives at GM. 8 years later GM was in BK and Wagoner was millions of dollar weathier. 8 years is more than enough to fix the company.

      If Obama should own a mess after 2 years there's no reason in the World Wagoner does not deserve all the blame for the BK.
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