GM CEO: Bankruptcy an option, but not inevitable

Apr 5th, 2009 - bizjournals

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The new CEO of General Motors Corp. is not ruling out bankruptcy, but said it’s not inevitable.

Fritz Henderson was a guest on NBC’s “Meet the Press” Sunday and expressed confidence he is the leader who can turn GM (NYSE:GM) around and bring about the needed changes.

“I will spend 100 percent of my time doing exactly that,” he said, according to a transcript of the show posted on NBC’s Web site.

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