As an AT&T Shareholder, any news about their company will spark my attention. In this case, it is a leader who is moving into the struggling Auto industry. Allegedly, Edward Whitacre, Jr. will replace current General Motor's interim chairman, Kent Kresa, once the restructure of GM takes place. Until then, Mr. Kresa will remain in his current role.
Some Analysts find this move to be eccentric, as there was more hope for someone with relative auto experience to take the reign at GM. However, since the government's intentions are to have minimal involvement after the restructure, it is believed this decision comes at the brink of wanting an established Leader. With that the case, Mr. Whitacre boasts quite the resume.
If Mr. Whitacre can use his tenacious leadership as he did in leading AT&T from 1990-2007, GM's legacy should have no problem being restored. This is a bold move that comes at a time when GM really needs it, and only time will tell if it was the right one.
No comments:
Post a Comment