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Wagoner named to the Washington Post board

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Wagoner named to the Washington Post board

June 10, 2010 - 2:07 pm ET

DETROIT (Bloomberg) -- Washington Post Co. said today it elected former General Motors Co. CEO Rick Wagoner to its board, boosting the number of directors to 11.

Wagoner, 57, was pushed out March 29, 2009, by the Obama administration in the run up to GM's bankruptcy filing and retired officially Aug. 1. He had been CEO since June 2000.

Wagoner, a former Duke University freshman basketball player who received an MBA from Harvard University, first joined GM in the treasurer's office. He also ran the company's operations in Brazil and served as chief financial officer over the course of his career.

Washington Post's other directors include investor Warren Buffett, IAC/InterActiveCorp. CEO Barry Diller, former Xerox Corp. CEO Anne Mulcahy and Melinda Gates, co-chairman of the Bill & Melinda Gates Foundation and wife of Microsoft Corp. founder Bill Gates.

The Washington, D.C.-based media company said last month it was exploring a sale of Newsweek magazine, the money-losing publication it has owned since 1961, as readers defect to Internet competitors.

PRESS RELEASE: G. Richard ("Rick") Wagoner Elected a Director of The Washington Post Company

Thu Jun 10, 2010 12:30pm EDT

WASHINGTON (Business Wire) -- The Washington Post Company (NYSE: WPO) announced today that G. Richard ("Rick") Wagoner has been elected to the Board of Directors. His election increases the Company`s board to 11 members.

Wagoner retired from General Motors Corporation in August 2009 after a 32-year

career. He served as GM chairman and chief executive officer from May 2003

through March 2009 and had been president and chief executive officer since June

2000. Other positions he held at GM include: president and chief operating

office; executive vice president of GM and president of North American

Operations; executive vice president, chief financial officer and head of

worldwide purchasing; and president and managing director of General Motors do


Wagoner attended Duke University, where he was elected to Phi Beta Kappa, and

graduated summa cum laude in 1975 with a bachelor`s degree in economics and

management science. He received a master`s degree in business administration

from the Harvard Business School in 1977.

Wagoner is vice chair of the Board of Trustees of Duke University and a member

of the Board of Dean`s Advisors of the Harvard Business School, Duke`s Fuqua

School of Business Advisory Board and the Detroit Country Day School Board. He

is a member of The Business Council and the Mayor of Shanghai`s International

Business Leaders Advisory Council.

He was born in Wilmington, DE, on February 9, 1953, and raised in Richmond, VA.

Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20100610/OEM/100619987/1178#ixzz0qUKqtM58

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I'm willing to bet that he brokered this deal by promising an Impala to everybody in executive management.

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Rick Wagoner lands a seat on Washington Post board

by Chris Shunk (RSS feed) on Jun 11th 2010 at 9:31AM

Wondering what has come of Rick Wagoner since he was jettisoned from General Motors prior to the company's historic bankruptcy? The former Duke basketball player has stayed far away from the spotlight over the past year, but that hiatus ends effective immediately. Automotive News reports that Wagoner has accepted a spot on the board of directors of the Washington Post. Wagoner is the 11th member of the board, which also includes the extremely rich and extremely powerful Warren Buffet and Melinda Gates, wife of Microsoft founder Bill Gates.

The Washington Post is like many other publishing empires that are struggling to keep subscribers in an increasingly digital world. The D.C. daily has fared better than many other papers, though it is reportedly exploring the sale of its once wildly popular and influential Newsweek magazine. Who knows, perhaps The Post is looking to draw from Wagoner's experience in a struggling industry to help the paper navigate through tough times.



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