Seems like Fritz turned in his keys today.
General Motors Co. CEO Fritz Henderson is resigning and will be replaced on an interim basis by the company’s chairman Ed Whitacre Jr.
Whitacre plans to stay on the job on an interim basis until a new CEO can be found. Whitacre was installed by the Treasury Department as the company’s chairman after GM’s bankruptcy reorganization.
Ah, was just coming in to post this.
http://money.cnn.com/2009/12/01/autos/gm_henderson/index.htm
Do they even have a CFO yet?
Dun dun dun, another one bites the dustaaa…
I am going to submit my resume… It’s not like I can make it any worse.
In fact I think that will be how I close my cover letter.
clean house… buncha morons there.
bump
Not even going to stick around for the re-IPO?
From what I was told he got $150 million from AT&T to retire. Took the seat on the GM board to give him something to do and was forced to take the CEO position because no one would deal with all the Obama BS for that little money (capped). Once the IPO happens they can hire someone who wants the job and get paid a decent salary.
Ya the US Treasury Department. 