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Old 08-12-2010, 10:03 AM   #1
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BREAKING: Ed Whitacre Stepping Down From GM CEO September 1st
Breaking: Ed Whitacre Stepping Down September 1st
During Q2 earnings call, Whitacre announces his departure.
www.gminsidenews.com
Link to article

August 12, 2010
By: Nick Saporito


During this morning's second quarter earnings call General Motors Chairman and CEO Ed Whitacre announced his departure. According to the former AT&T CEO he will be stepping down as CEO on September 1st and stepping down as Chairman of the Board on December 31st.

It was announced that current GM board member Dan Akerson will be replacing Whitacre as CEO. Akerson joined the GM board in September of 2009. He is the former managing director of Carlyle, former CEO of Nextel Corporation and former COO of MCI WorldCom.
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Old 08-12-2010, 10:05 AM   #2
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That's too bad. He did a good job.
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Old 08-12-2010, 10:14 AM   #3
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That's too bad. He did a good job.
Yep, it is. Even though we knew he wouldn't stay on as CEO long it is too bad...
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Old 08-12-2010, 10:14 AM   #4
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That's too bad. He did a good job.
Indeed he did. Finally got this company back on track.
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Old 08-12-2010, 10:39 AM   #5
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.......
It was announced that current GM board member Dan Akerson will be replacing Whitacre as CEO. Akerson joined the GM board in September of 2009. He is the former managing director of Carlyle, former CEO of Nextel Corporation and former COO of MCI WorldCom.
And we all know how well that went
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Old 08-12-2010, 10:45 AM   #6
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And we all know how well that went

Actually, it was XO Communications that he ran into the ground.
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Old 08-12-2010, 10:48 AM   #7
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And we all know how well that went
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Actually, it was XO Communications that he ran into the ground.
Are you guys serious? I hope we can get some clarification on this, because right now I am not that happy about who is gonna be running GM.
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Old 08-12-2010, 10:59 AM   #8
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Actually, it was XO Communications that he ran into the ground.
And he did it in less than 3 years!
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Old 08-12-2010, 11:02 AM   #9
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Are you guys serious? I hope we can get some clarification on this, because right now I am not that happy about who is gonna be running GM.
The OP provided a link confirming it. Also, FoxNews and CNN are reporting it as well.

http://www.foxnews.com/us/2010/08/12...est=latestnews
http://money.cnn.com/2010/08/12/news...dex.htm?hpt=T2
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Old 08-12-2010, 11:03 AM   #10
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it might be time to buy GM stock
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Old 08-12-2010, 12:14 PM   #11
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Are you guys serious? I hope we can get some clarification on this, because right now I am not that happy about who is gonna be running GM.
For your reading pleasure:

http://en.wikipedia.org/wiki/MCI_Worldcom

XO Communications still exists... I never heard of this guy running it into the ground?
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Old 08-12-2010, 12:20 PM   #12
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Indeed he did. Finally got this company back on track.
Indeed he did, and we are forever thankful...
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Old 08-12-2010, 12:27 PM   #13
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For your reading pleasure:

http://en.wikipedia.org/wiki/MCI_Worldcom

XO Communications still exists... I never heard of this guy running it into the ground?

He became the CEO in 1999 and the company filed bankruptcy in 2002, after which he resigned.

http://www.crn.com/news/channel-prog...eo-resigns.htm
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Old 08-12-2010, 12:33 PM   #14
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Hm..

Not so thrilled with his track record..
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