2 - Friday, March 11, 2011
The Michigan Daily - michigandaily.com
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CRIME NOTES
Thief checks
out wallet
WHERE: Hatcher
Graduate Library
WHEN: Wednesday at
about 8:30 p.m.
WHAT: A'staff member's
wallet was stolen from her
bag between 2 p.m. and
8 p.m., University Police
reported. Her belongings
were left unattended.
Vandals violate
vending machine
WHERE: Alice Lloyd
Residence Hall
WHEN: Thursday at about
4:45 a.m.
WHAT: A University
Housing official discovered
damage to a vending
machine, University Police
reported.
Chemical spill
WHERE: Lot SC-7,1202
Kipke Drive
WHEN: Wednesday at
about 9:45 p.m.
WHAT: A University bus
leaked about one gallon
of antifreeze prior to the
vehicle beingtowed for
repairs, University Police
reported. The liquid was
contained before it leaked
into any storm drains.
Hit-and-run
WHERE: Glen carport
WHEN: Wednesday at
about 8:15 p.m.
WHAT: A female driver
disclosed hit-and-run
damage that occured to
her vehicle more than a
week before, University
Police reported. The cost
of damage to a mirror and
hubcap is estimated at $800.
CAMPUS EVENTS & NOTES
Impact Dance Symposium
performance on the arts
WHAT: The Impact
Dance team will perform
to student-choreographed
jazz, contemporary and
musical theater numbers.
WHO: Michigan Union
Ticket Office
WHEN: Today at 7 p.m.
WHERE: Mendelssohn
Theatre
Panel about
Afghanistan
WHAT: Scholar Gilles
Dorronsoro, University alum
Patrick Kelley and Middle
East Studies Director Amin
Tarzi will give a talk titled
"Intervention and the
Dilemmas of Security in
Afghanistan."
WHO: Center for Russian
and East European Studies
WHEN: Today at 4 p.m.
WHERE: Rackham
Graduate School ~
WHAT: The A20 Arts,
Activism, & Organizing
Summit will celebrate
various functions of art
through performances and
presentations.
WHO: Spectrum Center
WHEN: Today at 6 p.m.
WHERE: School of Social
Work Building
Film screening
WHAT: Film Director
Roman Polanski's 1974,
detective flick "Chinatown"
will be shown for free.
WHO: Water Theme
Semester
WHEN: Today at 7 p.m.
WHERE: Angell Hall
CORRECTIONS
" Please report any
error in the Daily to
corrections@michi-
gandaily.com.
The collective wealth of
the rich people featured
in Forbes's 2011 list of
billionaires has reached $4.5
trillion, the BBC reported. Six
billionaires associated with
Facebook, including founder
Mark Zuckerberg, recently
joined the list. -
The Ann Arbor Civic
Theatre will be stag-
ing John Patrick Shan-
ley's "Doubt." The 2005 Tony
winner is playingtonight and
tomorrow at 8 p.m. and Sun-
day at 2 p.m.
>> FOR MORE, SEE ARTS, PAGE 8
Detroit was recently
ranked as the "Angri-
est Town in America,"
Men's Health Magazine
reported. The ranking is
based on the number of
aggravated assaults and cases
of high blood pressure of resi-
dents in the city.
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The Michigan Daily(S SN 0745-967) is published Monday through Friday duringthetfall and
winter terms by students at the University of Michigan. One copy is available free of charge
to all readers. Additionaicopies may be picked up at theoDaily's office for s2.tSubscriptions for
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iubicriptionrae.On-campussubscriptionsforatlltermare$3.Subsciptioiutbeprepaid.
The Michigan Daily is a ember of The Associated Pess and The Assoiated Collegiate Pess.
CFO of General Motors leaves
amid management changes e
4
Finance Chief Chris
Liddell overlooked
for CEO position
DETROIT (AP) - General
Motors' finance chief is leaving
after being passed over for the
CEO job.
Chris' Liddell, who guided
the company to its first profit-
able year since 2004 and led its
successful publicstock offer-
ing, will step down on April 1
after just15 months atGM. He'll
be replaced by Treasurer Dan
Ammann, a former Wall Street
banker, the company announced
yesterday.
Liddell, the former CFO of
Microsoft Corp., was once con-
sidered a candidate to succeed
Chief Executive Ed Whitacre.
But GM's board instead picked
current Chairman and CEO Dan
Akerson when Whitacre left last
August.
During a hastily arranged
conference call with reporters,
Liddell said he had no job lined
up, but doesn't want to be a chief
financial officer any longer. He
said he achieved his goals of
pulling off GM's IPO, fixing its
accounting problems and get-
ting the company back on sound
financial footing.
Ackerson's appointment as
CEO meant that Liddell, 52, could
wait years before getting the job.
The move is another in a series
of management changes that
started soon after GM emerged
from bankruptcy protection in
July of 2009. The company has
had four CEOs in less than two
years, and it recently changed its
top executives in sales, market-
ing, product development and
engineering.
Shares of GM fell 85 cents, or
2.6 percent, to $31.40 in after-
noon trading yesterday, below
the November initial public offer-
ing price of $33. The Dow Jones
industrial average was down 209
points, or 1.7 percent.
Itay Michaeli, auto analyst
with Citi Investment Research,
blamed most of yesterday's stock
drop on the broader market
decline, but said Liddell's depar-
ture would have an impact.
"To see a major management
change just when you thought
there would be no more manage-
ment changes is going to rattle
things a little bit," he said.
In 2009, Liddell said he was
leaving Microsoft with an eye
on taking a higher position, and
Whitacre even told reporters that
Liddell would be a candidate to
replace him. When Akerson got
the job, that led to speculation
that Liddell was unhappy about
being passed over.
Liddell has held the CFO job at
three companies: GM, Microsoft
and International Paper.
He said he has not looked for
another job while at GM, but indi-
cated yesterday that a CEO post
might be in the offing.
"I have a number of interesting
ideas which I have in the back of
my mind, but none of them have
CFO on it," he said during the
conference call.
KOJiSAsAHARA/AP
Japan's Foreign Minister Takeaki Matsumoto speaks during an interview with media in Tokyo yesterday. Matsumoto
pledged to reset strained relations with China and resolve diplomatic spats.
New Japan rime minister pledges
to improve relationship with China
'so
TO
foreig
day t
Matsumot
emphasize
mportance
lid partner
KYO (AP) - Jap
n minister pledge
o reset strainedi
The UMHS Departments oftGynecology andUrology and Chronic Paln & Fatigue Research Center are sponsoring an educational session:
k¢A Pelvic Pain,
In Women
Monday, March 14h
6:00- 7:30 pm
..when symptoms may be Lane Auditorium
more than a recurring UT1School of Public Health-15 floor Vaughn Bldg
The event is offered free of chargebut to assure sufficient
seating and materials, pre-registraflon is requested
To register please call (734) 936-4349 or email laguis umich.edu
o with China and resolve diplo-
matic spats stemming from com-
s peting claims to islands in the
East China Sea.
of While he sought to strike a
conciliatory note, Takeaki Mat-
'ship' sumoto also renewed concerns
about Beijing's expanding mili-
an's new tary and maritime activity in the
d yester- region.
relations Matsumoto took office
Wednesday after his former boss
suddenly quit over a' political
donations sandal.
"Our geographical proxim-
ity has made our relations very
important but also posed many
problems," Matsumoto told
reporters. "It is important to
establish a solid partnership so
that we can resolve the issues one
by one."
During a phone call with his
Chinese counterpart, Yang Jie-
chi, earlier yesterday, Matsumoto
agreed to cooperate to improve
ties ahead of the 40th anniver-
sary of the 1972 signing of their
peace treaty.
The 51-year-old veteran law-
maker in the ruling Democratic
Party of Japan is seen as more
neutral toward China than his
predecessor.
Yet, Matsumoto noted with
concern China's growing military
presence in the region during an
interview with a small group of
journalists.
China's military spending
has surged in recent years,
including a 12.7 percent hike
announced earlier this month
for this year, the latest in dou-
ble-digit increases. Its rapidly
improving military capabilities
have been coupled with a more
assertive stance on disputed
islands, such as the ones in
the East China Sea - worry-
ing countries throughout the
region.
T etween Japan and
China have been particularly
strained since September when
a Chinese fishing trawler and
Japanese patrol vessels collided
near islands both claim in the
sea.
The dispute has prompted
nationalistic protests in both
countries and led China to post-
pone talks on the joint develop-
ment of undersea natural gas
fields. Beijing also temporar-
ily imposed a de facto ban on
exports to Japan of rare earths,
essential for making high-tech
products.
In the interview, Matsumoto
also urged China to observe
an earlier agreement to jointly
develop undersea gas deposits in
the East China Sea.
But he added that he and
Yang agreed to "work together
to deepen mutually beneficial
relations, and that includes our
effort to resolve various pend-
ing issues."
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