GM fires CEO Henderson. The board wants an outsider.David Welch
The new General Motors Board has struck. CEO Fritz Henderson is out after six months on the job. Now the commentariat will start questioning whether it’s a fair decision. And really, it wasn’t. He had just three months to prove to the new board, which is led by former AT&T Chairman Ed Whitacre and a group of directors appointed mostly by the U.S. Treasury, that he’s the guy. In his three months since the board took over, he did stabilize market share and reduced losses significantly.
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