WWW - Posts tagged Stephen Girsky at BloggingStocks

Stephen Girsky posts

UAW adds its voice to new General Motors board of directors

Posted Jun 19th 2009 3:40PM by Zac Bissonnette (RSS feed)
Filed under: General Motors (GM)

The United Auto Workers union will own a 17.5% stake in the new General Motors company through its Voluntary Employee Benefits Trust (VEBR).
As part of that ownership stake, the UAW's interests will be represented on the board of directors by former Wall Street Analyst Stephen Girsky.

BusinessWeek reports that "While Girsky has served as an advisor to the union for several years, and clearly has a soft spot for labor, he's all too aware of GM's problems. He was a tough critic of the company when he covered its stock for Morgan Stanley. Girsky also worked at the company as an advisor to former CEO Rick Wagoner, too. Don't look for him to press CEO Fritz Henderson to give the UAW a contract that would erase some of the concessions that were made prior to bankruptcy."

Continue reading UAW adds its voice to new General Motors board of directors

Investor group hopes to save GM's Saturn brand

Posted May 4th 2009 4:30PM by Trey Thoelcke (RSS feed)
Filed under: Competitive Strategy, General Motors (GM), Private Equity

General Motors (NYSE: GM) has already said that it plans to discontinue its Pontiac brand and that it's looking for buyers for its underperforming Saturn and Hummer brands as it scrambles to meet its June 1 deadline to restructure as mandated by the Obama administration.

Among the bidders for Saturn is an investor group made up of Saturn dealers and Oklahoma City private equity firm Black Oak Partners LLC. Last month, the group said it had approached GM about buying the assets of the Saturn brand and the distribution network. GM confirmed it had been in discussions with Black Oak but said that other investment groups were also interested in taking over Saturn.

Continue reading Investor group hopes to save GM's Saturn brand