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GM CEO Whitacre says will step down Sept. 1

Discussion in 'Other Cars' started by cwerdna, Aug 13, 2010.

  1. cwerdna

    cwerdna Senior Member

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    In case you hadn't heard the news this morning...

    GM CEO Whitacre says will step down Sept. 1 - Yahoo! Finance
    They mention that Akerson would be GM's fourth CEO in 18 months....
     
    #1 cwerdna, Aug 13, 2010
  2. bisco

    bisco cookie crumbler

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    from one damn fool to the next, in a long line of fools...:dizzy:
     
    #2 bisco, Aug 13, 2010
  3. hill

    hill High Fiber Member

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    I love it . . . GM . . . only in America can a company go bankrupt ... forcing U.S. taxpayers to clean up untold acres of abandoned toxic manufacturing sights (while advertising how green they are) which will take decades ... then the U.S. government has to buy up 1/2 of its stock (or more) just to keep it afloat ... and in the midst of showing no intention of buying back its worthless stock, the outgoing leadership brags they're making a profit.
    :pound:

    :eek:hwell:

    :Cry:

    .
     
    #3 hill, Aug 13, 2010
  4. V8Cobrakid

    V8Cobrakid Green Handyman

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    he stepped down early.... apparently sometime yesterday. surprise

    now a former ceo of nextel steps up...
     
    #4 V8Cobrakid, Aug 13, 2010
  5. bisco

    bisco cookie crumbler

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    i wonder how much the golden handshake cost us?:cool:
     
    #5 bisco, Aug 13, 2010
  6. austingreen

    austingreen Senior Member

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    GM Board Pressed Whitacre to Go or Stay Years to Aid IPO - Bloomberg

     
    #6 austingreen, Aug 13, 2010
  7. usbseawolf2000

    usbseawolf2000 HSD PhD

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    Three golden parachutes in 1.5 years? That ought to cost a lot!
     
    #7 usbseawolf2000, Aug 13, 2010
  8. evnow

    evnow Active Member

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    I've no idea why Obama administration puts Bush cronies in charge of GM.

    Carlyle group. Highly political with two Bushes in their ranks. If anyone has read “Sleeping with the Devil: How Washington Sold Our Soul for Saudi Crude by Robert Baer” – the group has been mentioned with rather unflattering details.

    To me Carlyle group & Goldman represent all that is structurally wrong with the US economy.
     
    #8 evnow, Aug 13, 2010
  9. bisco

    bisco cookie crumbler

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    and there are pleny more but they are two biggies.:mad:
     
    #9 bisco, Aug 13, 2010
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