New GM chairman said “I don’t know anything about cars”

Posted: June 12, 2009 in News

Edward E. Whitacre, the newly appointed chairman of General Motors who is responsible for turning AT&T into the largest US telephone service provider over his 43-year career at the company, said “I don’t know anything about cars.”

Whitacre, a 6 foot 4 inch Texan dubbed “Big Ed,” said that he would take the helm of the company and steer it through reorganization under Chapter 11 as a “public service.”

Whitacre went on to say that “a business is a business, and I think I can learn about cars. I’m not that old, and think the business principles are the same.”

“He was one of the guys who helped create a new AT&T that wasn’t so dependent on land-line phone service. There’s a parallel with General Motors. GM is not now about just making cars. It’s about re-creating itself as a 21st-century car company. They have to have somebody at the top that understands they have to make a new GM.”

Source: AutoBlog

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