Duke Trustee Richard Wagoner resigned today as chairman and chief executive of General Motors at the request of the Obama administration, several news outlets reported.
Wagoner served at the helm of the America’s largest automaker since 2000. His departure comes the day before President Obama is set to unveil his plan to rescue the struggling industry and appears to be “part of a broad agreement with the Obama administration to funnel more government aid to the ailing auto giant,” the New York Times reported.
Two years ago, Wagoner delivered the commencement speech before 2007 graduates, in which he reflected on his experience at Duke (Trinity ‘75) and at G.M.
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The full story will be available in tomorrow’s Chronicle.