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 reside
At this point, the only thing we know for sure about the General Motors initial public offering is that it will happen... eventually. With the United States government holding a 61-percent equity stake in the automaker, the political pressure is huge to make a stock sale occur sooner rather than later.
2009 Chevrolet Orlando concept - Click above for high-res gallery
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A year after entering bankruptcy protection, the executive shuffling is still ongoing down at General Motors. The latest moves come in the wake of the creation of GM's new venture capital unit, which will be headed up by Jon Laukner, whose previous job was vice president in charge of product planning and program management.
2011 Chevrolet Volt – Click above for high-res image gallery
The more things change, the more... you know what we're trying to say. Just last week, longtime AT&T guru and then interim General Motors CEO Ed Whitacre was able to ditch that pesky 'interim' modifier and became the king of the hill at GM. Of course, that was last week. This week we're getting reports that Ed Whitacre (who, curiously enough, was the president of the Boy Scouts of America from 1998-2000) will be out of the RenCen in two to three years.