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GM's New BOD Chairman: I'm Not Leaving San Antonio
by
Robert Farago
(IC: employee)
Published: June 24th, 2009
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The “hands off” Presidential Task Force on Automobiles has chosen Ed Whitacre Jr., formerly of Southwestern Bell, to become New GM’s New Chairman of the Board. The appointment is still go, despite Whitacre’s admission that “I know nothing about cars.” Anyone fearing for Whitacre’s ongoing ignorance of all things automotive can breathe a sigh of relief today, as the BOD jeffe told the San Antonio Business Journal that he has no intention of re-locating to Motown to oversee the men and women spending tens of billions of U.S. tax dollars to “reinvent” GM. “This is my city,” Whitacre told the local press. “I’m not moving.”
Robert Farago
More by Robert Farago
Published June 24th, 2009 3:37 PM
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It is simply much each easier to bring the country (Mulally) to you rather than take yourself to another part of the nation....especially when there are hundreds if not thousands of jobs.
The new chairman is a purely political animal. That's why he was selected. To do the job he was hired for, the only place he need consider relocating to is Washington DC. Likewise, he does not need to know anything about cars. He need only know what the Democrats want to have happen in the auto industry, in the energy industry, the Green placibo industry, and for labor unions. Look for him to discover the wisdom of windmills, light rail transit, solar panels, carbon capture, cap-&-trade, and the "need" for maintaining at any price a US heavy industrial base. Every other word out of his mouth will be "renewable" or "sustainable".