Thursday, August 12, 2010

GM CEO Ed Whitacre

GM CEO Stepping down on Sept 1st.
http://content.usatoday.com/communities/driveon/post/2010/08/gm-ceo-ed-whitacre-says-hell-step-down-sept-1/1

He has only been CEO for 13 months. He came in....cut a bunch of brands (Hummer, Pontiac, Saturn, SAAB) stuffed 9 million dollars in his brief case and is heading for the exits. Must be nice.....

Whitacre receives 9M in compensation.
http://finance.yahoo.com/news/GM-CEO-Whitacre-receives-9M-apf-362235582.html?x=0&.v=5

The company still owes the government 52 Billion dollars. But the first positive headline http://www.businessweek.com/news/2010-08-12/gm-profit-rises-to-1-54-billion-on-auto-sales-gains.html and he is out the door pretending he has accomplished something.

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