New G.M.

New G.M. - New G.M. Chief Known as a Pragmatic Leader By...

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New G.M. Chief Known as a Pragmatic Leader By NICK BUNKLEY and MICHAEL J. de la MERCED New York Times August 13, 2010 DETROIT — For the last year, General Motors has been under the leadership of a former telecommunications executive with no tolerance for indecision or distractions, Edward E. Whitacre Jr. In that regard, much will feel familiar when he is succeeded next month by Daniel F. Akerson, who was making a name for himself at MCI and Nextel as Mr. Whitacre was building the empire that became AT&T. Having held top jobs at a string of companies and more recently working for a buyout fund with a mandate to spot opportunities, Mr. Akerson has a knack for parachuting in, surveying the landscape and making operational and financial changes. He joined the automaker’s board just over a year ago as a representative of the government and remains largely unknown within the company. An outsider, he has bristled at what he considered some of the ineffective ways of the old G.M., say people close to the board. Mr. Akerson said Thursday that he and Mr. Whitacre “share a common vision” for G.M. and that the automaker was headed in the right direction as it reported its largest quarterly profit in six years. As the fourth chief executive for G.M. in less than two years, Mr. Akerson will need first to sell investors on the slimmed-down company’s potential and then eliminate the
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New G.M. - New G.M. Chief Known as a Pragmatic Leader By...

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