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Bailout
: Calculated RiskGM to file Bankruptcy Monday Morning
By Anonymous
The Obama administration will name a veteran turnaround expert as chief restructuring officer for General Motors Corp., which plans to file for bankruptcy protection about 6 a.m. Monday in New York ... Al Koch, a managing director at AlixPartners LLP, will be named chief restructuring officer Monday, a government official familiar with the matter said, and will help to wind down GM's "bad" assets that it plans to leave behind in bankruptcy.The WSJ says 8 AM.
Full post as published by Calculated Risk on May 31, 2009 (boomark / email).
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