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Re: GM is demonstrably run by blithering imbeciles
Posted by 50N40W [Email] (more from 50N40W) on Sun, 18 Dec 2011 08:37:22
In Reply to: GM is demonstrably run by blithering imbeciles, JerseySaab
[Profile/Gallery]
, Sun, 18 Dec 2011 05:30:29
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You might have missed it in the confusion, but the bigger part of GM's management was axed during 2009.
Rich Waggoner got to play the home version of the CEO game because his recovery plan was hopelessly optimistic (20% market share, increasing margins on cars, etc).
Fritz Henderson was his replacement, and he too was treated to some lovely parting gifts (a watch and a red Swingline, and a consultancy), in large part because he could not close the Hummer, Saturn or (wait for it) SAAB deals.
Henderson was sacked in early December of 2009, a week after the Koeniggsegg deal fell through.
While Whitacre, his replacement, isn't a "car" guy, he does seem to understand how to close a deal (Spyker) and does seem to know the difference between a profit and a loss.
posted by 108.68.57...
Posts in this Thread:
- GM says "NO" yet again, JerseySaab
, Sat, 17 Dec 2011 09:39:01- Let gm know what you think..., 9009996er, Sat, 17 Dec 2011 22:05:28
- GM sucks n/m, nwas, Sat, 17 Dec 2011 20:50:12
- Is this premature, or a rehash of previous?, MI-Roger
, Sat, 17 Dec 2011 11:48:10 - I am not a big fan of GM, but, Mike Johnson, Sat, 17 Dec 2011 10:47:02
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