Ed Whitacre

Ed Whitacre News

  • GM CEO Sees Profit Streaming From Deal for In-Vehicle LTE

    One of the first things Dan Akerson did as chief executive officer of General Motors Co. in 2010 was dive into the automaker’s telecommunications business to get more profit from that in-car connection.

  • GM Changes CEO Pay Mix, Says He May Retire Within 3 Years

    General Motors Co. Chief Executive Officer Dan Akerson’s compensation mix was changed in 2012 to accommodate the possibility he may retire before his long-term restricted stock vests in three years, the company said.

  • Ed Whitacre Battles to Save GM from Itself

    By David Welch April 29 (Bloomberg BusinessWeek) -- The 15 General Motors dealers who flew to Detroit last September for a dinner with GM management were not an easily rattled bunch. They had endured the worst auto sales slide in 25 years, as well as the bankruptcy of the iconic carmaker on which they had built their businesses. Only three months had passed since GM accepted a $50 billion federal bailout, announcing the retirement of four of its eight brands and the shutting down of 1,900 dealers—a third of its domestic retail network. These dealers were the survivors, some of the more prosperous people in their towns, and they wanted a little reassurance. CEO Fritz Henderson gathered the group in a private conference room at the Westin Detroit Metro Airport and tried to demonstrate that he had a plan, according to an executive in the room who asked not to be named because he was not authorized to describe the dinner. Henderson announced that GM was going on the

  • Ed Whitacre Tells the Truth; Samba Dancers: D.C. Scene

    Writing a book is “damn hard,” said Ed Whitacre, former chairman of AT&T Inc. and General Motors Co., and overseer of major corporate mergers.

  • Former GM CEO Says in WSJ U.S. Should Sell Stake

    The U.S. government should “sell every last share it owns” of General Motors Co. or else the company will be seen as a failure, former Chief Executive Officer Ed Whitacre said in a Wall Street Journal op-ed commentary.

  • Whitacre: GM Eager for IPO to Shed `Government Motors' Tag

    General Motors Co. Chief Executive Officer Ed Whitacre said while an initial public offering filing isn’t likely in the next few weeks, he is eager for the U.S. to sell its shares to investors.

  • Reuss Walks GM Tightrope 20 Years After Father’s Firing

    Mark Reuss remembers the day, 20 years ago, when his father’s career was blindsided. Reuss had a tuxedo hanging in his car to wear that night to a long-planned event honoring his father’s 35-year career at General Motors Corp. when his mother called.

  • Billionaire’s Son Eases Grip to Take Enterprise Global

    Enterprise Holdings Inc. managed to become the world’s largest rental-car company by sales without actually spanning the globe. The chief executive officer says he knows that has to change.

  • GM Repays $5.8 Billion Loans to U.S., Canada, Whitacre Says

    General Motors Co. repaid $5.8 billion to the U.S. Treasury and Export Development Canada, Chairman and Chief Executive Officer Ed Whitacre wrote in the Wall Street Journal.

  • GM Board Pressed Whitacre to Go or Stay Years to Aid IPO

    General Motors Co.’s board and bankers pressed Chief Executive Officer Ed Whitacre to either leave the automaker or commit to stay for years more to help them sell investors on the company’s initial public offering, three people with direct knowledge of the talks said.

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