He questioned why G.M. needed to keep selling Saturn, Saab and Hummer models, and suggested that the company halve its dividend, cut pay for top executives and emulate the turnaround plans carried out
Micheline Maynard - NYTIMES
- Mar 18, 2010
Had GM listened to York, their business might have resembled Ford....Mulally took similar action there. --Ed.
Detroit Jerome B. York, the financial expert who warned General Motors of a looming financial disaster and aided the billionaire investor, Kirk Kerkorian, in efforts to drive up the price of Chrysler stock, died on Thursday. He was 71.
Mr. Yorks death was announced by Apple, where he had served as a director since 1997.
Bloomberg News reported on Wednesday that Mr. York had suffered a cerebral hemorrhage on Tuesday night at his home in Rochester, Mich. He was taken to the Pontiac Osteopathic Hospital in Pontiac, Mich., where he died.... [Read More]