GM CEO Henderson resigns after 8 turbulent months - Page 2

D1BADZ · 12-01-2009, 04:41 PM

bye

Stewcam · 12-01-2009, 04:43 PM

Everyone who has been at the top has the $$ to retire rather than work for the government so no surprise. Not to diminish the fact that (we) and the government bailed these guys out but we should expect about 1 CEO per 8-12 months until the government is paid off.

Frank in MD · 12-01-2009, 04:44 PM

Fritz! We hardly knew ye!

1bad65 · 12-01-2009, 04:49 PM

CNN is reporting it too. Here is the Fox link: http://www.foxnews.com/story/0,2933,578526,00.html

FoxNews also says chairman of the board Ed Whitacre Jr. will serve as the interim replacement.

Stewcam · 12-01-2009, 04:50 PM

Quote:

Originally Posted by cash84

WTF

Nice ride and gun!

MikesZ · 12-01-2009, 04:52 PM

Hope they find a new CEO soon...Whitacre looks/sounds like he could keel over anytime now.

SSOOCH · 12-01-2009, 04:52 PM

Frederick A. "Fritz" Henderson (born November 29, 1958) was President and Chief Executive Officer of General Motors. Prior to his appointment as CEO on March 31, 2009, Henderson was the Vice President of General Motors and has been with the company since 1984. His resignation from the CEO position was announced December 1, 2009.

Wikipedia rules!!

Kalenn · 12-01-2009, 04:54 PM

"Assocaited Press contributed to this report."

Who contributed to this report? Never heard of them. Spell check is your friend.

So, Fritz is gonna pop smoke... interesting.

tjd24 · 12-01-2009, 04:54 PM

Based on Whitacre's delivery of the statement he should follow Henderson out the door... I recognize he couldn't say much beyond the prepared statement but at least get the hand out of your pocket, stand in one place and deliver the message - whew. If you thought his commerical was bad this was worse IMO.

2SSRS@Gen5diy · 12-01-2009, 04:56 PM

Next to fall will be who?

GTAwheelman · 12-01-2009, 04:58 PM

so do you guys think this is good or bad?

FenwickHockey65 · 12-01-2009, 04:59 PM

Quote:

Originally Posted by GTAwheelman

so do you guys think this is good or bad?

Good for the most part. Henderson was better than Wagoner but not by much.

Kalenn · 12-01-2009, 05:01 PM

This was just posted on Facebook.

"The General Motors Board of Directors accepted the resignation of Fritz Henderson as Director, President and CEO of the company. Ed Whitacre will take over the role of Chairman and CEO while an international search for a new president and CEO begins immediately"

Bungo · 12-01-2009, 05:01 PM

here is the whole foxnews article

NEW YORK — General Motors' CEO Frederick "Fritz" Henderson will step down after eight turbulent months as head of the largest U.S. automaker.

The company's chairman of the board Ed Whitacre Jr. will serve as interim replacement.

Henderson, 51, succeeded Rick Wagoner on March 29 after the Obama administration ousted GM's former CEO as the company worked through a government-led reorganization.

Henderson spent the next few months working with the government to reorganize the automaker outside of bankruptcy, but eventually took the company into Chapter 11 protection in June.

With the government's help, the company emerged from court protection in just 40 days cleansed of massive debt and burdensome contracts that would have sunk it without federal loans.

Henderson continued to downsize the automaker after its emergence from bankruptcy. He sought to scale down GM to just four core brands: Chevrolet, Cadillac, Buick and GMC.

While he has largely succeeded in that goal, attempts to sell the company's other brands have hit obstacles.

The company is winding down Pontiac and was successful in winning a tentative sale of Hummer to a Chinese construction machinery maker.

However, Henderson's bid to sell Saturn to racecar mogul Roger Penske fell through and the brand is now liquidating. Last week, Swedish sports car maker Koenigsegg Automotive ABdropped out of a deal last week to buy Saab.

12-01-2009, 04:41 PM	#15
D1BADZ hmmmmm Drives: 2010 IOM in-n-out 2SS Join Date: Oct 2008 Location: San Jose, Ca Posts: 1,324 View My Garage	bye __________________ "Responsibility is a Heavy Responsibilty" (Cheech)

12-01-2009, 04:43 PM	#16
Stewcam Drives: 2010 Camaro SS/RS Join Date: Sep 2009 Location: The Woodlands, TX Posts: 332	Everyone who has been at the top has the $$ to retire rather than work for the government so no surprise. Not to diminish the fact that (we) and the government bailed these guys out but we should expect about 1 CEO per 8-12 months until the government is paid off. __________________ Yellow SS/RS LMR Twisted Slayer 650 RWHP, ARH Headers, Hi-flow cats, Carbon/Organic Twin Disc/Pfadt/BMR/Hurst Shifter/D2forged VS1's

12-01-2009, 04:44 PM	#17
Frank in MD Raining Blood Drives: 2014 SS Performance Sedan Join Date: Oct 2009 Location: facebook Posts: 2,682	Fritz! We hardly knew ye! __________________ Ordered 1/9/12 - Born 2/3/12 - Delivered 2/21/12 - '12 1SS/RS Summit White - TRADED. 2014 SS Performance Sedan #2974 - Red Hot 2 - S/R. & Spare. Built 01/09/14 #238 of 291 as configured

12-01-2009, 04:52 PM	#20
MikesZ Group Provocateur Drives: Long Distances Join Date: Jun 2009 Location: Arizona Posts: 1,021	Hope they find a new CEO soon...Whitacre looks/sounds like he could keel over anytime now. __________________

12-01-2009, 04:52 PM	#21
SSOOCH Camaro SL,UTs Drives: 2010 Camaro SS/RS #16429 Join Date: Sep 2006 Location: South Jordan, UT Posts: 7,357 View My Garage	Frederick A. "Fritz" Henderson (born November 29, 1958) was President and Chief Executive Officer of General Motors. Prior to his appointment as CEO on March 31, 2009, Henderson was the Vice President of General Motors and has been with the company since 1984. His resignation from the CEO position was announced December 1, 2009. Wikipedia rules!! __________________

12-01-2009, 04:49 PM	#18
1bad65 Banned Drives: 2007 Mustang GT Join Date: Jul 2009 Location: Austin Posts: 1,148	CNN is reporting it too. Here is the Fox link: http://www.foxnews.com/story/0,2933,578526,00.html FoxNews also says chairman of the board Ed Whitacre Jr. will serve as the interim replacement.

12-01-2009, 04:54 PM	#22
Kalenn Fan of all things Camaro Drives: '13 Mercedes-Benz C250 Sport Join Date: Sep 2009 Location: Oregon Posts: 358	"Assocaited Press contributed to this report." Who contributed to this report? Never heard of them. Spell check is your friend. So, Fritz is gonna pop smoke... interesting. __________________ "Ladies and gentlemen take my advice. Pull down your pants, and slide on the ice." "E for electricity... V For Chevy Volt and me!"

12-01-2009, 04:54 PM	#23
tjd24 Thank you Oshawa/St.Cats! Drives: was 2010 2LT RS 2G1FC1EV4A9103434 Join Date: May 2009 Location: NW NJ Posts: 3,481 View My Garage	Based on Whitacre's delivery of the statement he should follow Henderson out the door... I recognize he couldn't say much beyond the prepared statement but at least get the hand out of your pocket, stand in one place and deliver the message - whew. If you thought his commerical was bad this was worse IMO. __________________ #3434 Born 4-15-2009, Delivered 5-22-2009 BBOMG 2/3/4 - Traded-in 8/31/2019:

12-01-2009, 04:56 PM	#24
2SSRS@Gen5diy Drives: 2014 Z/28 #82+#192, 18ZLE 66Nova Join Date: Oct 2008 Location: By the lake in AZ Posts: 15,728 View My Garage	Next to fall will be who?

12-01-2009, 04:58 PM	#25
GTAwheelman Drives: 1985 Camaro Sport Coupe Join Date: Dec 2008 Location: IL Posts: 188 View My Garage	so do you guys think this is good or bad?

12-01-2009, 05:01 PM	#27
Kalenn Fan of all things Camaro Drives: '13 Mercedes-Benz C250 Sport Join Date: Sep 2009 Location: Oregon Posts: 358	This was just posted on Facebook. "The General Motors Board of Directors accepted the resignation of Fritz Henderson as Director, President and CEO of the company. Ed Whitacre will take over the role of Chairman and CEO while an international search for a new president and CEO begins immediately" __________________ "Ladies and gentlemen take my advice. Pull down your pants, and slide on the ice." "E for electricity... V For Chevy Volt and me!"

12-01-2009, 05:01 PM	#28
Bungo Tampa Gulf Coast Family Drives: 2010 ABM Camaro SS Join Date: May 2009 Location: Palm Harbor Fl Posts: 262	here is the whole foxnews article NEW YORK — General Motors' CEO Frederick "Fritz" Henderson will step down after eight turbulent months as head of the largest U.S. automaker. The company's chairman of the board Ed Whitacre Jr. will serve as interim replacement. Henderson, 51, succeeded Rick Wagoner on March 29 after the Obama administration ousted GM's former CEO as the company worked through a government-led reorganization. Henderson spent the next few months working with the government to reorganize the automaker outside of bankruptcy, but eventually took the company into Chapter 11 protection in June. With the government's help, the company emerged from court protection in just 40 days cleansed of massive debt and burdensome contracts that would have sunk it without federal loans. Henderson continued to downsize the automaker after its emergence from bankruptcy. He sought to scale down GM to just four core brands: Chevrolet, Cadillac, Buick and GMC. While he has largely succeeded in that goal, attempts to sell the company's other brands have hit obstacles. The company is winding down Pontiac and was successful in winning a tentative sale of Hummer to a Chinese construction machinery maker. However, Henderson's bid to sell Saturn to racecar mogul Roger Penske fell through and the brand is now liquidating. Last week, Swedish sports car maker Koenigsegg Automotive ABdropped out of a deal last week to buy Saab. __________________ excited every morning to see the ABM 2SS/RS LS3 in the garage and the wife says I have to be patient while she gets dressed

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