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The investment firm aimed to stage a turnaround for the company, which had fallen behind rivals like McDonald's.
Mr. Wallace and Mark Fields, another Ford executive who later headed Mazda, are credited with trimming losses at the Hiroshima-based manufacturer and revamping its vehicle lineup, helping to stage a turnaround in the early 2000s.
Economists are not confident the Thai economy will be able to stage a turnaround in the next few months.
But it was too late for the hosts to stage a turnaround and they were left to make do with a losing bonus point.
The firm already warned that its third-quarter revenue would decline from the second-quarter figure of $5.6 billion if the market didn't stage a turnaround.
SGI is trying mightily to stage a turnaround under Bob Bishop, a board member who took over as chief executive a year ago in August when Rick Belluzzo jumped ship to join Microsoft.
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Staging a turnaround at Sony will be a daunting task.
Since the recalls, the automaker had staged a turnaround as it steadily resolved its legal issues.
To be sure, the company has not yet staged a turnaround.
Gap has staged a turnaround after a decade in which critics derided its merchandise as boring and it lost out to rivals like Zara and Forever 21.
The Nasdaq composite index, which was down by more than 100 points early in the session, staged a turnaround and gained 101.68, or 2.2percentto to 4,711.68.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com