In March, Pres. Obama and his “car czar” axed GM’s CEO Rick Waggoner and appointed Fritz’ Henderson to replace him, change the organizational culture, and save the company.
Oops.
On Tuesday, the GM board forced Henderson to resign, and initiated a search for his successor.
Good luck.
Bringing in new blood is likely to be pretty hard since the company’s major shareholder (Uncle Sam) is capping pay offers, and restricting bonuses.
The paradox: GM needs somebody with great judgement … and anybody who would take the job is disqualified based on that criteria alone.
The Homa Files 
December 2, 2009 at 10:15 am |
De Touqueville strikes again!