GM Chairman and interim CEO Ed Whitacre said he has no idea how long it will take to find a permanent chief. He told GM employees it could take a year. He is not certain. It may even take longer.
Bloomberg was able to get a copy of Whitacre’s remarks to employees. In his comments he said “You’re going to ask me, ‘Well, will that take a week, or a month, or two months, or six months?’ I don’t really know. I hope that you and I can work together in the meantime.”
Whitacre may get very little cooperation from the current management. He is viewed by many of them as a megalomaniac and has absolutely no background in the car industry. Many observers believed he would seize control of the company when he began to appear in GM television commercials.
Whitacre is not going anywhere. He likes being the boss too much.
Douglas A. McIntyre
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