GM CEO Henderson resigns after 8 turbulent months - Page 4

Mosher · 12-01-2009, 06:27 PM

Quote:

Originally Posted by TJ91

"Scott Settlemier appointed new President of GM" Wouldnt that be amazing?!

He'd just unleash the Suburban's!!

CamaroScotty · 12-01-2009, 06:29 PM

Quote:

Originally Posted by Skyman 08

I hope he dosen't get one dime in compensation...

the last CEO was working for $1 / yr.....couldn't have been any better.

tribone · 12-01-2009, 06:29 PM

Quote:

Originally Posted by TJ91

"Scott Settlemier appointed new President of GM" Wouldnt that be amazing?!

nashstat · 12-01-2009, 06:29 PM

Quote:

Originally Posted by GTAwheelman

so do you guys think this is good or bad?

Def bad. He would not have left if GM was doing good, Saturn and Saab's failures are not good for GM and it appears that they are getting some pressure from the govt to turn things around specially since Ford just announced $1b profits.

I love the Camaro as a car, but have not been a fan of GM's decisions since a long time.

bobscogin · 12-01-2009, 06:30 PM

Quote:

Originally Posted by Captain Awesome

TV is reporting he "resigned under pressure".
Pressure? From whom? From what?
Inquiring minds want to know!

Federal government owns 60% of the stock. That should answer your question.

Bob

Frank in MD · 12-01-2009, 06:31 PM

Wow. Tough week.
First Charlie Weis....
Then Bobby Bowden....
Now Fritz?

Give the job to Vince McMahon! LOL.

nashstat · 12-01-2009, 06:35 PM

Quote:

Originally Posted by trm0002

It's "shocking" news but not necessarily bad. Let's just see how it shakes out over the next 24-48 hours...

It is bad news... a change of leadership in perhaps the most turbulent times in the auto industry is not good.

Look at Ford and their turn around... The Fusion is one of the highest selling cars in America right now and they just made $1b in profits and VW, now the biggest automaker in the world is acquiring brands like Porsche.

The 2010 Camaro is an amazing car produced by GM, but unfortunately it will not be enough to save the company. They have to get their general sales up, which means Malibu's should be outselling Camry's and Jetta's while the Cruze next year should be outselling Corollo's and Civic's... I dont see that happening.

FenwickHockey65 · 12-01-2009, 06:35 PM

Quote:

Originally Posted by UCF w00t

LOL. That would be awesome but don't think that's gonna happen.

And Fen, please explain your position. It was my impression that Fritz has been doing a pretty good job. I mean, GM still exists.... Fritz had a past of reviving near-dead international GM businesses.

Fritz did a good job getting GM through bankruptcy, which may be all he was supposed to do, but he really didn't do much more IMO. It just seems as though Whitacre's arrival at GM was what really sparked change.

Mosher · 12-01-2009, 06:35 PM

Quote:

Originally Posted by nashstat

Def bad. He would not have left if GM was doing good, Saturn and Saab's failures are not good for GM and it appears that they are getting some pressure from the govt to turn things around specially since Ford just announced $1b profits.

I love the Camaro as a car, but have not been a fan of GM's decisions since a long time.

Speculation.

He may have personal reasons to get out now. We don't know, and if the man wants to retire then so be it. There are many companies out there that change leadership regularly, in some cases, CEO just means you are no more than 18 months from retirement. That's the corporate world we live in.

FenwickHockey65 · 12-01-2009, 06:36 PM

Quote:

Originally Posted by nashstat

Def bad. He would not have left if GM was doing good, Saturn and Saab's failures are not good for GM and it appears that they are getting some pressure from the govt to turn things around specially since Ford just announced $1b profits.

I love the Camaro as a car, but have not been a fan of GM's decisions since a long time.

I have a feeling he didn't leave completely voluntarily.

Captain Awesome · 12-01-2009, 06:40 PM

The more I learn about how GM was taken over and who was given what percentage.... the less confident I am they will thrive in the future.

*radz28* · 12-01-2009, 06:43 PM

Please keep political comments and speculation out of posts. There's no room for that.

Respectfully...

FrankT · 12-01-2009, 06:45 PM

Is it too late to send GM my resume?

*Camaro_Corvette* · 12-01-2009, 06:48 PM

12-01-2009, 06:31 PM	#48
Frank in MD Raining Blood Drives: 2014 SS Performance Sedan Join Date: Oct 2009 Location: facebook Posts: 2,682	Wow. Tough week. First Charlie Weis.... Then Bobby Bowden.... Now Fritz? Give the job to Vince McMahon! LOL. __________________ 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, 06:43 PM	#54
radz28 Petro-sexual Drives: Ultra-Grin Join Date: Oct 2006 Location: Crazy Coast Posts: 15,788 View My Garage	Please keep political comments and speculation out of posts. There's no room for that. Respectfully... __________________ '20 ZL1 Black "Fury" A10, PDR, Exposed CF Extractor Magnuson Magnum DI TVS2650R // RFBG // Soler 103 // TooHighPSI Port Injection // THPSI Billet Lid // FF // Katech Drop-In // PLM Heat Exchanger // ZLE Cradle bushings // BMR Chassis-Suspension Stuff // aFe Bars // Diode Dynamics LEDs // ACS Composites Guards // CF Dash // Aeroforce // tint // other stuffs

12-01-2009, 06:45 PM	#55
FrankT 400HP used to be enough.. Drives: 2010 2SS rs manual Join Date: Aug 2009 Location: Central NC Posts: 772	Is it too late to send GM my resume? __________________ Build thread: http://www.camaro5.com/forums/showthread.php?t=47925

12-01-2009, 06:48 PM	#56
Camaro_Corvette 36.58625, -121.7568 Drives: Team 1LE Join Date: Mar 2008 Location: Earth Posts: 23,710 View My Garage	__________________ I am seriously never serious vv V vv Next order of business

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12-01-2009, 06:40 PM	#53
Captain Awesome Account Suspended Drives: 2010 Camaro 2SS/RS Join Date: Apr 2008 Location: New York Posts: 3,746	The more I learn about how GM was taken over and who was given what percentage.... the less confident I am they will thrive in the future.