GM CEO Fritz Henderson resigning!!!

[d.mcc]

The Nardelli and Whitacre moves weren't made by people that familiar with auto companies. They were the result of New Yorkish financial sector management teams.

I haven't looked at a list lately but I believe most of the GM board now is non-auto and little, if any, manufacturing experienced.

Its not like Ole' Ed is gonna be stamping the sheet metal on the line. His job is to outline business plans and guide the company towards profit. If he has a track record in it, so be it.

[lilpup]

Its not like Ole' Ed is gonna be stamping the sheet metal on the line. His job is to outline business plans and guide the company towards profit. If he has a track record in it, so be it.

Oprah Winfrey and Martha Stewart have track records. Why not call one of them?

[CountrySquire]

This is the best thing for GM. Henderson was nothing more then a Wagoner yes man who was going to continue the Wagoner legacy of shrinking the company to nothing.

[d.mcc]

Oprah Winfrey and Martha Stewart have track records. Why not call one of them?

Why not? If they know how to properly delegate and hire and promote the best people for the job. Running a Multi-Billion dollar business enterprise from the top requires more than, "auto-industry" experience, in fact, it might be perfect that an outsider who hasn't taken a company to bankruptcy is going to come in and guide the company back to profit. As a shareholder, I am all for it

[unclefrank]

Yep, the "car guys" have really been doing a bang up job up till now!

[CountrySquire]

Yep, the "car guys" have really been doing a bang up job up till now!

Make no mistake, these modern day "Car Guys" could not hold Bunky Knudsen's, John Delorean's or Harley Earle's jock straps. They are just MBAs who only know how to make money by selling stuff off or by firing people.

[Danny]

Get someone who knows about cars to be CEO of General Motors. Not some 'capture theoretical' clown like Fritz Henderson.