GM CEO Stepping down on Sept 1st.
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.
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.