General Motors Co. Chairman Ed Whitacre, poised to spend as long as a year as interim chief executive officer, may end up hiring himself.
A permanent successor to Fritz Henderson, who was ousted Dec. 1, will have to work under federal pay limits while facing hurdles such as ending annual losses that began in 2005. That may make Whitacre a good fit, according to recruiters, former GM director Jerome York and one of the chairman’s Texas associates. “He was really enjoying being chairman,” said Bill Greehey, chairman of San Antonio-based NuStar Energy LP, who said Whitacre hadn’t confided in him. “He is very aggressive and energetic and in good health. He is a young 68. I don’t know what he is going to do. He may enjoy the job; he would be a great CEO.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]