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News Breaks
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November 17, 2009
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| 06:07 EDT |  | GMA |
| theflyonthewall.com: | GMAC board forces CEO de Molina to quit, WSJ reports | | GMAC Financial Services (GMA) has forced its CEO to quit, reports the Wall Street Journal. In an unexpected move, Alvaro de Molina is leaving the auto lender after 19 months. He has battled regulators as the firm received $12.5B in government funding . The U.S. holds a 35.4% stake. Replacing de Molina is Michael A. Carpenter, a director who ran Citigroup's (C)s global investment bank. Reference Link :theflyonthewall.com |
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