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Archive Home > 2009 > July > 11 > Downsizing from the top

Downsizing from the top

GM, out of bankruptcy, plans to slash hundreds of executive jobs

By Bill Vlasic / The Bulletin
July 11, 2009

DETROIT — General Motors, which emerged from bankruptcy on Friday, now must tackle its next thorny problem: its own management team.

The company’s chief executive, Fritz Henderson, plans to ask more than 400 of the 1,300 executives in the United States to resign or....

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