GM eyes debt swap; some directors sour on CEO: WSJ

Newswire

NEW YORK, Nov 28 (Reuters) - General Motors Corp is pushing some bondholders to swap their debt for equity, as Chief Executive Rick Wagoner tries to keep the automaker out of a Chapter 11 bankruptcy that would likely cost him his job, The Wall Street Journal said late Friday, citing people familiar with the plan. GM's board has also ratcheted up pressure on Wagoner in recent weeks, the newspaper said, citing several people familiar with the matter. While George Fisher, the lead ...

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