Thread: GM CEO Out.
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      12-02-2009, 01:03 PM   #10
quagmire
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Quote:
Originally Posted by ptack View Post
Word is out on both deals that GM management coudln't/wouldn't move fast or flexibly enough to suit either buyer. That should surprise no one who understands how inherently glacial GM is at deciding anything. The board's action essentially states that Henderson was expected to change that and he wasn't succeeding.
Again, Renault caused the deal with Penske-Saturn to fail.

http://online.wsj.com/article/BT-CO-...30-716822.html

We do not know why Koenigsegg backed out yet.

The only thing you can pin on Fritz is the Opel sale. He wanted to sell Opel. He didn't change his opinion until the GM Board practically forced him to. Not only with that, Fritz has had a few PR wars with Ed and Lutz. There was no way Fritz was going to last as CEO with that going on.
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