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BUSINESS
December 5, 1995 | DONALD W. NAUSS, TIMES STAFF WRITER
General Motors Corp. said Monday that Chief Executive John "Jack" F. Smith will become chairman Jan. 1, a move that amounts to a major vote of confidence in his turnaround efforts at the world's largest auto maker. Smith, who will remain president and CEO, will succeed John Smale, the former chairman of Procter & Gamble Co. who has served as chairman of GM since 1992, when he led a boardroom coup that shook up the management ranks.
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BUSINESS
December 5, 1995 | DONALD W. NAUSS, TIMES STAFF WRITER
General Motors Corp. said Monday that Chief Executive John "Jack" F. Smith will become chairman Jan. 1, a move that amounts to a major vote of confidence in his turnaround efforts at the world's largest auto maker. Smith, who will remain president and CEO, will succeed John Smale, the former chairman of Procter & Gamble Co. who has served as chairman of GM since 1992, when he led a boardroom coup that shook up the management ranks.
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NEWS
March 30, 1993 | RALPH VARTABEDIAN, TIMES STAFF WRITER
In one of the most jarring business defections from Southern California, Hughes Aircraft will close its Canoga Park missile facility and move 1,900 engineering-related jobs to Tucson by 1994, the aerospace firm said Monday. The decision ranks among the largest transfers of aerospace jobs out of the state since the trend began in the mid-1980s. More ominously, it undercuts one of the state's last remaining strengths: retaining its wealth of science and engineering talent.
BUSINESS
November 2, 1992 | From Times Staff and Wire Reports
GM Board Takes Aim Again: The outside directors at General Motors, having already forced the resignation of Chairman and Chief Executive Robert C. Stempel, reportedly want Stempel's predecessor, Roger B. Smith, to resign from the board. They also plan to dump Vice Chairman Robert J. Schultz, who heads GM's non-automotive subsidiaries. That would leave just one member of GM management on what would be a 12-member board: President John F. Smith Jr.
BUSINESS
June 5, 2002 | Bloomberg News
General Motors Corp. Chairman John F. Smith Jr., who rose to power after a 1992 boardroom shuffle, said he will retire in April after 42 years with the company. Smith was chief executive from 1992 to 2000, when he handed that post to Rick Wagoner. Smith told shareholders at the auto maker's annual meeting that he will leave at his next birthday, when he reaches the mandatory retirement age of 65. Directors will name a successor by the end of next year's first quarter, he said.
BUSINESS
January 13, 1997 | Times Staff and Wire Reports
General Motors Corp.'s board this weekend considered two bids for the defense operations of its Hughes Electronics unit but made no announcement of its preference, according to people familiar with the situation. GM, headquartered in Detroit, is choosing between bids from Lexington, Mass.-based Raytheon Co. and Los Angeles-based Northrop Grumman Corp., and is expected to pick a winner in the next few days. Both bids include cash and stock, said people familiar with the offers.
BUSINESS
December 5, 1992 | From Times Staff and Wire Reports
Oldsmobile Fights Rumors of Its Demise: General Motors Corp. may have dashed the rumor that it was killing its Oldsmobile division, but sales of Olds cars and trucks are plummeting and dealer frustration is growing. Oldsmobile sales in November tell the story. The division sold 24,369 cars and trucks during the month, 32% below the 36,078 sold in the same month last year. The rumor that Oldsmobile would be dropped as a marketing division first surfaced in the Washington Post in mid-October.
BUSINESS
November 24, 1989 | From Times Wire Services
General Motors Corp. said today it has sold about 5% of its holdings in Isuzu Motors Ltd., dropping its stake in the Japanese auto maker to 38.2% and earning about $82 million after taxes. GM and Isuzu have been associated for 18 years. Currently, Isuzu makes the Geo Storm subcompact car for GM, which is sold through the U.S. auto maker's Chevrolet dealers.
BUSINESS
October 5, 1999 | From Bloomberg News
Sony Corp. Chief Executive and President Nobuyuki Idei joined General Motors Corp.'s board, becoming the first Japanese citizen to be a director of the world's largest auto maker. Idei, 61, has been chief executive of the world's No. 2 consumer-electronics company since June. He had been co-CEO since May 1998 and served as president and chief operating officer since April 1995 before taking on the co-chief executive post.
NEWS
May 26, 1991 | Associated Press
William Kennedy Smith received his medical school diploma Saturday at graduation ceremonies in the hall named for his late uncle, President John F. Kennedy. Smith walked across the stage at the Kennedy Center Concert Hall amid sustained applause and cheering from the audience and other graduates of the Georgetown University School of Medicine. Smith, 30, has been the focus of nationwide attention since a woman accused him of raping her at the Kennedy family estate in Palm Beach, Fla.
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