What's a good way for a CEO to show that he supports his company? Buying stock is one way to do it, and General Motors CEO Dan Akerson has done just that.
General Motors Ceo
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.
A top Apple Inc. executive is reportedly be being considered for the chief executive officer post at General Motors. Over the last couple of years as the Detroit auto industry descended into financial oblivion, numerous observers from (mostly) outside the business promoted the idea of hiring Apple CEO Steve Jobs run GM. However, for a variety of reasons – not the least of which was Jobs' health – that never came to fruition.
General Motors' CEO, Rick Wagoner, who's been manning the helm for the last eight years and a part of its staff since 1977, has taken some heat for asking the Feds for a bailout. A possible condition for those funds may be the symbolic sacrificial death of its current leader, according to a slew of analysts polled by Bloomberg. Whether true of false, there seems to be a sense that the CEOs of U.S. automakers are some of "the dumbest people in the world," according to ex-Chrysler prez. Thomas Sta