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0Report: Read an excerpt from Whitacre's book about how he fired Henderson and why Akerson got the job 1359060300
It is probably best just to play this down the middle and let you read the excerpt from American Turnaround: Reinventing AT&T and GM and the Way We Do Business in the USA by Ed Whitacre. The author, you'll remember, was the former AT&T CEO who came out of retirement to take the position of ...
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Report: Former GM CEO Fritz Henderson to lead Sunoco spinoff 1283525880
If you've been wondering what former General Motors CEO Fritz Henderson has been up to since getting the boot, The Detroit News has the skinny for you. Henderson is now headed to Sunoco to fill in as the company's senior vice president, at least for now. The company is currently planning to spin ...
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Report: GM CEO could earn $9M per year, ex-CEO Henderson hired as $60k/month consultant 1266850740
Two different outlets are reporting two seemingly conflicting reports about pay at General Motors, but it's clear regardless of the details that money is in motion at The General. Ed Whitacre, Jr., who doesn't receive any pay as GM's chairman, is waiting on approval from the Treasury pay czar for ...
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Buick-GMC general manager Michael Richards leaves after just nine days on the job 1260480000
Nine days ago, we posted about Michael Richards getting Susan Docherty's old post at General Motors, brand manager for Buick-GMC. Today, he walked away. According to The Detroit News, the official (yet still unofficial) reason is that Richards' previous employer – Trinity Automotive in ...
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Mad Money host Jim Cramer calls Whitacre 'assassin of the bad' 1260363660
We've spilled some ink about CNBC Mad Money host Jim Cramer before, the financial expert who – as The Daily Show pointed out – missed the whole Great Depression 2.0 thing. Of course, it's not fair to single out Mr. Cramer, as 99 out of 100 economists thought credit default swaps based ...
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REPORT: Spencer Stuart tasked with finding new GM CEO 1260307200
Headhunting firm Spencer Stuart is without doubt on the speed-dial lists of bailed-out firms, having placed chairmen, CEOs, Chrysler Group LLC, and board members for AIG, Citigroup Inc., Freddie Mac, Fannie Mae, and GMAC. Then they flew over General Motors so that Ed Whitacre, Jr. could heli-drop ...
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REPORT: GM selling control of Chinese joint venture to SAIC, half of India operations 1259935200
It has been a busy week at General Motors. The week started off with CEO Fritz Henderson's abrupt resignation, then executives converged on the LA Auto Show where Bob Lutz was the keynote speaker and then the U.S. market Chevy Cruze was revealed. Now, the General is reportedly deep in negotiations ...
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Merbanco out, Spyker in as Saab bidding heats up. Was Fritz axed because he wanted Saab closed? 1259773260
2010 Saab 9-5 – Click above for high-res image galleryAs General Motors suddenly finds itself in search for a new CEO to replace Fritz Henderson, it is also looking to secure a buyer for perennially troubled Saab. GM originally thought it had a new parent for the brand in Koenigsegg, but ... -
BREAKING: GM CEO Fritz Henderson steps down 1259703900
Well, that was quick. Fritz Henderson, the recently appointed CEO of General Motors, is stepping down. Company chairman of the board Ed Whitacre (remember the "Satisfaction Guaranteed" commercials, that's the guy) is set to act as the interim CEO until a permanent replacement is found. This ...
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BREAKING: Koenigsegg backs out of Saab purchase, brand future up in the air 1259080020
2010 Saab 9-5 – Click above for high-res image galleryAfter riding in on a white horse, Koenigsegg Group AB has pulled out of negotiations to buy Saab from General Motors, leaving the Swedish automaker's future very much in doubt. In a brief statement issued by GM (available after the ...

