December 1, 2009
After eight turbulent months at the helm of the largest U.S. automaker, chief executive Frederick "Fritz" Henderson is resigning. The company said Tuesday that Chairman Ed Whitacre Jr. will serve as interim CEO.
Henderson succeeded Rick Wagoner last spring after the Obama administration ousted the former CEO amid a government-led reorganization.
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The bankruptcy of a small U.S. pension fund could have implications for other struggling funds.
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"It's an un-obvious chunk of meat that has been sitting there..."
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