Cars and Drivers
GM CEO Whitacre May Stay Until He Is 100
Published:
Last Updated:
GM Chairman and interim CEO Ed Whitacre said he has no idea how long it will take to find a permanent chief. He told GM employees it could take a year. He is not certain. It may even take longer.
Bloomberg was able to get a copy of Whitacre’s remarks to employees. In his comments he said “You’re going to ask me, ‘Well, will that take a week, or a month, or two months, or six months?’ I don’t really know. I hope that you and I can work together in the meantime.”
Whitacre may get very little cooperation from the current management. He is viewed by many of them as a megalomaniac and has absolutely no background in the car industry. Many observers believed he would seize control of the company when he began to appear in GM television commercials.
Whitacre is not going anywhere. He likes being the boss too much.
Douglas A. McIntyre
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
