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Why GM’s Henderson Was Forced Out
According to the New York Times in this story on interim GM CEO and board chairman Ed Whitacre, there were two reasons, and they don’t exactly fit together. First:
“Mr. Whitacre’s predecessor, Fritz Henderson, was ousted by G.M.’s board because directors were dissatisfied with the pace of change at the company since it emerged from bankruptcy over the summer.”
And then:
The Car Czar’s Story
New York Times journalist-cum-investment-banker-cum-exonerated-criminal-hustler-of-New-York-state-pensions-cum-not-quite-treasury-secretary-material-despite-being-a-Democrat-fundraiser-macher (whew!) Steven Rattner was the car czar during the 2009 bailout and bankruptcies of GM and Chrysler in all but name. You don’t let something like that go to waste, and now Rattner has inked a deal to write a book, titled Overhaul, about his role in the autoapocalypse.
Every Journalist Who Is Writing a Book About the Auto Industry Is Now Unhappy
Do Electric Cars Cause Cancer?
The world of electric cars is a rah-rah world. There are numerous economic arguments against their widespread adoption, but that hasn’t stopped government officials, environmental activists, and most importantly automakers from moving aggressively toward electrified transportation.
