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