Architect of GM's bankruptcy plan reveals how company was saved
Forbes has a story from Jay Alix, the mastermind behind the innovative bankruptcy plan that ended up scooting GM through bankruptcy in a mere 40 days and likely saved the company from complete and utter collapse. It's in quite stark contrast to what was going on publicly, especially when it came to former CEO Rick Wagoner. Wagoner was widely criticized in his last months as CEO, but as Alix points out, the actions taken during his tenure may have well been what allowed GM to survive the courts.
It's not a short story, but it is an interesting, behind-the-scenes look at one of the biggest pieces of news of the last 10 years. Hop on over to Forbes for the entire read.
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