• Aug 24th 2010 at 9:00AM
  • 19
Outgoing CEO Ed Whitacre was never supposed to be the long-term chief executive at General Motors. In fact, he never even purchased a home in the Detroit area, instead opting to commute between San Antonio, Texas and a (we're guessing really nice) Detroit apartment. That won't be the case for Dan Akerson, who takes over for Whitacre on September 1st. The Detroit Free Press reports that Akerson is looking into purchasing a primary residence in the Detroit area, placing the current Virginia resident close to the company's Motown headquarters.
But while Akerson is planning on staying at GM for a bit longer than Whitacre, the new boss will reportedly only reside over the company for two to four years. After The General's IPO is complete and the company is solidly profitable, GM is likely to pick a replacement candidate from within the organization. In the meantime, someone needs to tell Akerson that the roads in Detroit are horrible, because otherwise he may think there is something wrong with the suspension on his Cadillac.

[Source: Detroit Free Press]

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    • 1 Second Ago
      • 5 Years Ago
      You mean STUPID HUGE MANSION!!!!
      • 5 Years Ago
      Why do GM execs look so homely and Daimler guys so cool, see article above?
      Kinda reflects their product no?
      • 5 Years Ago
      Maybe he can just buy Detroit and get rid of the corruption there and export them to New Orleans!!!
      • 5 Years Ago
      Maybe He should by this place. Which happens to be not to far from GM Renaissance Center, about 6 miles to be correct. Super nice place too.

        • 5 Years Ago
        The wealth Detroit used to have absolutely astounds me. Amazing house.
        • 5 Years Ago
        Oops! I meant "Buy" not "By" Carry on then.
        • 5 Years Ago
        That's the world's sweetest photoshopped-in (the sky was dropped in too, but that's not as big of a deal-parking is probably fake as well) grass.

        I bet it's all yellow IRL.
      • 5 Years Ago
      He should find a great deal, if he can find a safe place to live.
      Parts of Detroit look like post war Iraq.

      • 5 Years Ago
      He will end up no where near Detroit but in Oakland county (Bloomfield, Franklin, Bingham Farms, ect) with all the high dollar executives.
      • 5 Years Ago




      • 5 Years Ago
      If he's not too picky, he will have quite a few choices.
        • 5 Years Ago
        Why is this a "REPORT:"?

        Slow news day, AB?

        • 5 Years Ago
        @ minimum, so it's so bad that you took the time to read it and felt the need to comment? Make your own blog then, the internet isn't designed for your personal reading pleasure.
      • 5 Years Ago
      "...the new boss will reportedly only reside over the company for two to four years."

      ...so, he's looking for a house that can hover?

      Or perhaps you meant PRESIDE?
      • 5 Years Ago
      Grosse Ile is an island in the Detroit river south of Detroit.
      It is a little known jewel of the Detroit area.

      20-25 minutes from the Ren Cen by car or take your boat!

      • 5 Years Ago
      My son bought a nice house in a far NW suburb five years ago for $515k. Zillow.com says it's now worth $134,500, $3k less than a month ago. Imagine what $515k will buy today in the area.
      • 5 Years Ago
      GM should do as NATO does - procure a château and have the rotating CEO live there during their tour at GM. Better idea - turn one of the floors of the RenCen into a condo flat. CEO on Demand!
        • 5 Years Ago
        That's what all colleges and universities do, they have a special house that is for the President of the place, that is very close to the place of work.

        On the other hand that mean he would have to use the same bathroom Wagoner used..........
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