Quote Originally Posted by lilpup View Post
GM's press conference, scheduled for 4:30 pm [[not yet started as I post), is being carried online by WDIV and WXYZ. Reportedly Henderson is resigning and board Chair Whitacre will serve as interim CEO.

This is scary. Whitacre, formerly of AT&T, has no manufacturing experience.
Maybe scary, maybe not. As a retired AT&T middle manager, I can say this: If Ed says he's going to do something, you have two choices: Either help him make it so or find the exit door before he tosses you through it [[as Henderson learned the hard way). This may be just what GM needs to change its corporate culture from a horde of yes-men in suits to one that actually wants to move forward.

If anyone thinks Ed can't manage a long-range plan or a big company, check out the history of how today's AT&T came to be and who was in the driver's seat the whole way.