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New GM Boss........

Mike

Well-known member
Where is Buckwheat's sense of fairness? This man retired from AT&T a few years ago with a bonus of only $158 MILLION.

Plus, AT&T's competitive advantages were borne out of demolishing the competition, large and small, thus gaining market share. Just the anti-thesis of what you BIG CORPORATION haters endorse.

Buckwheat has come full circle................................ :lol:



Whitacre Vows to ‘Learn About Cars’ as Chairman of New GM Board


By Amy Thomson and Katie Merx

June 10 (Bloomberg) -- Edward E. Whitacre Jr. built AT&T Inc. into the biggest U.S. provider of telephone service over a 43-year-career. By his own admission, he becomes chairman of General Motors Corp. knowing nothing about the auto industry.

The 6-foot-4-inch Texan nicknamed “Big Ed” said steering the nation’s largest automaker after bankruptcy is “a public service.” People who know him say he can meet GM’s need for the type of transformation he orchestrated at Dallas-based AT&T.

“I don’t know anything about cars,” Whitacre, 67, said yesterday in an interview after his appointment. “A business is a business, and I think I can learn about cars. I’m not that old, and I think the business principles are the same.”

Whitacre’s selection bucks more than a half-century of tradition at GM, where the only non-executives to lead the board since 1937 were interim Chairman Kent Kresa and John Smale, who held the job from 1992 through 1995. Whitacre will take the post when Detroit-based GM exits Chapter 11, perhaps by Aug. 31.
 

backhoeboogie

Well-known member
If he turns GM around, he's going to get the wrath of the libs.

Do you remember how upset they were with companies that were making profits last year? Frankie was outraged with Exxon Mobil and whined for days.

If Obama and Pelosi get their taxes like they want them, the last of the successful big corps will have to go overseas or else be owned largely by the government.
 

aplusmnt

Well-known member
I want a new Camaro so bad I can taste it, but I am trying as hard as I can not to buy one! I am vowing to never buy a car from a company that gets a bail out! I hope GM and Chrysler go the way of the Studabaker!

I have also vowed to wife to buy anything and everything I can off of Craigslist or garage sales. If I need a new shovel I will wait until I can find it used somewhere, I do not want any of my money to go to taxes! Screw Obama and the socialist horse he rode in on.
 

backhoeboogie

Well-known member
aplusmnt said:
I want a new Camaro so bad I can taste it, but I am trying as hard as I can not to buy one! I am vowing to never buy a car from a company that gets a bail out! I hope GM and Chrysler go the way of the Studabaker!

I have also vowed to wife to buy anything and everything I can off of Craigslist or garage sales. If I need a new shovel I will wait until I can find it used somewhere, I do not want any of my money to go to taxes! Screw Obama and the socialist horse he rode in on.

I really ought to halve out some pipe and send you a pair of post hole diggers and make a shovel for you too while I am at it. You'll never wear them out. It aint no big thang. Just a hobby to build these things when I have the time. They sell like hot cakes when I build them. They're gonna look like the ones your great grandaddy had.
 

Steve

Well-known member
I don't hate big business, and over all he might sound like a good choice for Mega GM..

but he is "famed" for taking a regional provide and though mergers and acquisitions making them a major player...(ie LARGER) in fact acquiring the failed giant At&T... and shedding most of the corp leaving it a name only for his existing brands..

but how does that "qualify" him to lead a giant that "can't" grow.. in an industry he knows nothing about?
 
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