GM CEO Henderson resigns after 8 turbulent months - Page 5

HashimAzzouz · 12-01-2009, 06:49 PM

In the middle of this financial crisis let me say one thing: "no one know anything about anything"

bobscogin · 12-01-2009, 06:55 PM

Quote:

Originally Posted by radz282003

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

Respectfully...

You can't be serious. Do you actually think that it's possible to discuss the management of a car company that has 60% of it's stock owned by the Government, and ignore the political aspect of it? Am I the only one who's noticed the elephant in the room?

Bob

FenwickHockey65 · 12-01-2009, 07:03 PM

Quote:

Originally Posted by bobscogin

You can't be serious. Do you actually think that it's possible to discuss the management of a car company that has 60% of it's stock owned by the Government, and ignore the political aspect of it? Am I the only one who's noticed the elephant in the room?

Bob

If it's possible to have an entire forum (GMInsideNews) dedicated to a company that has 60% of its stock owned by the government and refrain from politics, it's more than possible for a single thread to do the same.

slick rick · 12-01-2009, 07:07 PM

Anyone see this?

Daughter Of Resigned GM CEO Attacks New GM CEO On Facebook

http://jalopnik.com/5416549/daughter...eo-on-facebook

*Milk 1027* · 12-01-2009, 07:30 PM

Quote:

Originally Posted by bobscogin

You can't be serious. Do you actually think that it's possible to discuss the management of a car company that has 60% of it's stock owned by the Government, and ignore the political aspect of it? Am I the only one who's noticed the elephant in the room?

Bob

Yes he is serious. There is a reason why we don't allow politics on this forum. So you either abide by the rules or you won't last too long here.

Da Hose · 12-01-2009, 07:34 PM

Quote:

Originally Posted by slick rick

Anyone see this?

Daughter Of Resigned GM CEO Attacks New GM CEO On Facebook

http://jalopnik.com/5416549/daughter...eo-on-facebook

is it just me or did she seem pissed when she posted that?

ffrcobra_65 · 12-01-2009, 07:38 PM

Quote:

Originally Posted by Captain Awesome

TV is reporting he "resigned under pressure".

Pressure? From whom? From what?

Inquiring minds want to know!

resigned under pressure from the unanswered questions about the broken output shaft issue.

UCF w00t · 12-01-2009, 07:55 PM

Quote:

Originally Posted by ffrcobra_65

resigned under pressure from the unanswered questions about the broken output shaft issue.

THUMPER20X · 12-01-2009, 07:56 PM

Maybe it was heat from weights on calipers and why Jesus was seen only driving a 1SS? lol

GaryTucker · 12-01-2009, 07:57 PM

Whitacre may have been a "whiz kid" in other businesses...but this is GM...it has to deal with an unusually strong union that can hamstring ANYTHING he tries to do to reduce costs and raise quality levels if they choose to. Its a whole new ballgame for him. He may have had to deal with unions before, but nothing like what the UAW is like.

Maybe GM and the government will be smart enough to hire someone from an automobile producer...someone that is SUCCESSFUL at least please...and maybe, just maybe they can survive. A non-automotive person at the helm in a time that the government owns 60% of the company and is calling for "high-efficiency" vehicles is not a good sign. Maybe that is the pressure that Fritz was facing and he wouldn't cave. Wouldn't we love to know.

EvolutioN · 12-01-2009, 08:02 PM

Okay. I will fill in from the news that are at the front of all Swedish newspapers today.
What did not get mentioned was that delegates from the Swedish government traveled to Detroit for todays meeting, where the future strategy of SAAB was discussed.
If no-one buys SAAB off of GM in 30 days. The brand gets killed.

And the "Fire:ing" of Fritz..

Here's what a Swedish Auto Journalist Robert Collin commented on "Aftonbladet" Swedens largest newspaper. (My Translation)

"The Reason according to my sources is mainly the porly handled "Opel-deal".
Angela Merkel paid out a multi billion loan to Opel, a loan that was supposed to not have any "conditions", the loan(s) should of not hav had any conditions to any particular purchaser.
But in reality the loan(s) had conditions towards that a sparepartscompany named "Magna" would be able to buy Opel off of GM.

Which later on showed to be a problem. As Opel was not gonna be sold. And GM therefore GM was forced to start repaying the loan back to Merkel. Something that definetly was not planned upon.

The Board of GM think that Fritz Henderson did not conduct that item correctly. Therefore he is forced to resign."

From: "http://blogg.aftonbladet.se/robertcollin"

Coldpants · 12-01-2009, 08:05 PM

Quote:

Originally Posted by GTAwheelman

so do you guys think this is good or bad?

Rapid changes in leadership are rarely good.

THUMPER20X · 12-01-2009, 08:10 PM

Jay Leno shoulda grabbed the job lol. His car was Mad tyt3!

Coldpants · 12-01-2009, 08:11 PM

Quote:

Originally Posted by Captain Awesome

TV is reporting he "resigned under pressure".

Pressure? From whom? From what?

Inquiring minds want to know!

Two out of three of his deals failed and the company is still losing money. When you have to report that you lost less money than you thought you would things are not good. Especially when at the same time your borrowing billions from Europe.

12-01-2009, 07:07 PM	#60
slick rick SoCal Mayhem Drives: 2010 Camaro 1SS/RS Join Date: Aug 2008 Location: Foothill Ranch, CA Posts: 5,488 View My Garage	Anyone see this? Daughter Of Resigned GM CEO Attacks New GM CEO On Facebook http://jalopnik.com/5416549/daughter...eo-on-facebook __________________

12-01-2009, 07:56 PM	#65
THUMPER20X GM fix my PAINT U suck! Drives: 2010 Black 1SS/RS 6Spd Join Date: Sep 2009 Location: Great Red North Posts: 1,856	Maybe it was heat from weights on calipers and why Jesus was seen only driving a 1SS? lol __________________

12-01-2009, 08:02 PM	#67
EvolutioN Drives: 2010 Shelby GT500 - Subaru LegacyGT Join Date: Aug 2009 Location: Bergen County, NJ Posts: 69	Okay. I will fill in from the news that are at the front of all Swedish newspapers today. What did not get mentioned was that delegates from the Swedish government traveled to Detroit for todays meeting, where the future strategy of SAAB was discussed. If no-one buys SAAB off of GM in 30 days. The brand gets killed. And the "Fire:ing" of Fritz.. Here's what a Swedish Auto Journalist Robert Collin commented on "Aftonbladet" Swedens largest newspaper. (My Translation) "The Reason according to my sources is mainly the porly handled "Opel-deal". Angela Merkel paid out a multi billion loan to Opel, a loan that was supposed to not have any "conditions", the loan(s) should of not hav had any conditions to any particular purchaser. But in reality the loan(s) had conditions towards that a sparepartscompany named "Magna" would be able to buy Opel off of GM. Which later on showed to be a problem. As Opel was not gonna be sold. And GM therefore GM was forced to start repaying the loan back to Merkel. Something that definetly was not planned upon. The Board of GM think that Fritz Henderson did not conduct that item correctly. Therefore he is forced to resign." From: "http://blogg.aftonbladet.se/robertcollin" Last edited by EvolutioN; 12-01-2009 at 08:03 PM. Reason: Spelling misstake

12-01-2009, 08:10 PM	#69
THUMPER20X GM fix my PAINT U suck! Drives: 2010 Black 1SS/RS 6Spd Join Date: Sep 2009 Location: Great Red North Posts: 1,856	Jay Leno shoulda grabbed the job lol. His car was Mad tyt3! __________________

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12-01-2009, 06:49 PM	#57
HashimAzzouz Drives: 2011 2SS/RS IOM ~ 2009 Traverse LT Join Date: Jun 2009 Location: Jeddah, Saudi Arabia Posts: 514 View My Garage	In the middle of this financial crisis let me say one thing: "no one know anything about anything"

12-01-2009, 07:57 PM	#66
GaryTucker Drives: 09 Vette GT1, 06 350Z, 82 MSE Join Date: Jul 2009 Location: Oklahoma Posts: 573	Whitacre may have been a "whiz kid" in other businesses...but this is GM...it has to deal with an unusually strong union that can hamstring ANYTHING he tries to do to reduce costs and raise quality levels if they choose to. Its a whole new ballgame for him. He may have had to deal with unions before, but nothing like what the UAW is like. Maybe GM and the government will be smart enough to hire someone from an automobile producer...someone that is SUCCESSFUL at least please...and maybe, just maybe they can survive. A non-automotive person at the helm in a time that the government owns 60% of the company and is calling for "high-efficiency" vehicles is not a good sign. Maybe that is the pressure that Fritz was facing and he wouldn't cave. Wouldn't we love to know.