Quote:
Originally Posted by d69chris
The word is he made a statement at an industry show that "being know as GM - "Government Motors" was hurting sales. It is thought that he was asked to leave by the Obama administration.
Bad timing when you have an IPO coming out, but the government has never really been that smart when it comes to business matters. Instability at the top does not breed confidence in the market.
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NO NO NO NO NO.
Okay folks.
A little after Whitacre announced he was stepping down, I noticed Mark Reuss was on Facebook. I was chatting with him and asked if he had any idea why Whitacre was leaving. Basically, the guy is getting old, and he never planned on staying for the long run, and it's time for him to retire. Plus, they want a finance guy in charge during the IPO period.