Disgusting details about ancient greece that definitely werent in the history books. Ed whitacre is credited with taking over the corporate reins at general motors gm when the automotive manufacturer was on the brink of bankruptcy during. Aug 12, 2010 gm ceo ed whitacre said that he will step down on sept. The top business people of 2010 are ed whitacre of general motors and alan mulally of ford for restoring the u.
How ed whitacre is rebuilding general motors bill george. I read a description of the book, and also an excerpt, which had me looking forward to the book, which i ordered from amazon. But whitacre is that rare ceo with great charisma and extraordinary management instincts. In the article, gms ceoi, ed whitacre is portrayed as battling like crazy to make gm a more entrepreneurial, risktaking, empowered organization essentially pretty much precisely what needs to happen to take an organization out of treadmill into. American turnaround by edward whitacre hachette book group. Gms board asked whitacre to stay on as ceo after seven weeks of searching for a successor from the outside. Whitacres roll up your sleeves and lets get to work spirit has won the admiration and respect of executives and employees throughout the business world. Aug 12, 2010 ed whitacre to step down as gm ceo on sept. All that changed rapidly when the obama administration appointed ed whitacre as its chair in july 2009. The most recent author is ed whitacre, who served as gms chief for exactly ten months and, as he explains in his new book, american turnaround, spent much of his time wandering around. The work of gm is far from finished, so this is more like a mission accomplished moment for whitacre, who seems keen on using his brief tenure at gm to sell books, just like he sold your.
His management style is to instill clear focus and accountability. And when he got to detroit, he started to whittle down the corporate bureaucracy right away and got gm back on track in record timebefore being pulled out of retirement to run gm by obama, ed whitacre had spent his entire corporate career in the telecom. Ed whitacres american turnaround doesnt tell the whole. Instead, he took a job at southwestern bell, which was his first stepping stone toward running the worlds largest telecom company. Mar 02, 2018 moreover, he said, as former head of gm, whitacre has a keen insight into the crossborder supply chain. Jan 11, 2010 so said gm chairman and ceo ed whitacre to reporters from the detroit news today. Whitacres book reveals secret of unseasoned gm ceos the. Ed whitacre writes about general motors having just gone through bankruptcy when he became chairman of the board in the summer of 2009.
For decades, gm management focused on shortterm profits, while it was steadily losing market share from 53 percent of the u. General motors shocking choice for ceo the motley fool. Ed whitacres american turnaround doesnt tell the whole gm. Whitacre, the highly successful exceo of att, took over as ceo as well last fall and immediately started transforming gm into a modern auto company that could compete in both the u. How ed whitacre saved gm in just 10 months, and other fables. But instead of detailing cures to that sense of detachment. The 411 on ed whitacre, gms new chairman deal journal wsj. In his memoir he tells the story of a smalltown texan. Ed whitacre on his experience taking over gm and his. The most recent author is ed whitacre, who served as gms chief for exactly ten months and, as he explains in his new book, american. American turnaround audiobook free american turnaround free.
Moreover, he said, as former head of gm, whitacre has a keen insight into the crossborder supply chain. Each week, our editors select the one author and one book they believe to be most worthy of your attention and highlight them in our pro connect email alert. Ed whitacre is credited with taking over the corporate reins at. Ed brings muchneeded business experience, schwebel said. It was president obama who reached out to ed whitacre to come out of. Apr 07, 2010 theres an exceptionally revealing story about gm in todays wall street journal gms plodding culture vexes impatient ceo. Gm chairman whitacre has handson approach the wichita eagle. Interim gm ceo whitacre named as permanent ceo the seattle. Its painful for ed to watch this from a distance, says selim bingol, gms new vicepresident for communications, who worked with whitacre.
American turnaround by ed whitacre overdrive rakuten. Gm s rebound under whitacre is considered by most to be nothing short of miraculous, with the company repaying its government bailout in record time. Aug 12, 2010 ed whitacre announced his resignation thursday, effective sept. Ed whitacres battle to save gm from itself bloomberg. Gm had become so inbred and so full of blockages to success that it just seemed that there was no hope. As i recently explained in an oped in the ny times, unless gms market cap soars to its highest level in history a pipe dream if ever there was one the taxpayer losses on. In this business memoir, the native texan explores his unique management style, business acumen and patriotism. So said gm chairman and ceo ed whitacre to reporters from the detroit news today. He grew up believing he would never leave his hometown, a little place called ennis about 30 miles outside dallas. But to suggest that he is the architect of gms current success is.
Ed whitacre, gms chairman and interim ceo, says he thinks the struggling company will turn a profit in 2010. Former gm ceo ed whitacre recounts details of post. To borrow a phrase, i was shocked, shocked to hear on monday morning that general motors interim ceo ed whitacre has decided that the best possible candidate for the companys permanent ceo spot. I got very interested in them and have followed them since.
Feb 28, 20 ed whitacre is a good leader and he made an incremental improvement to the organization. Ed whitacre is a good leader and he made an incremental improvement to the organization. Since then, i have read books on willie durant, alfred sloan and many others at gm. Ed whitacre at gm he set a clear vision and mandate design, build and sell the worlds best vehicles that continues to this day. Ed whitacre is credited with taking over the corporate reins at general motors gm when the. That would be the first time thats happened since 2004. Jan 07, 2010 ed whitacre, gm s chairman and interim ceo, says he thinks the struggling company will turn a profit in 2010. Instead of reuss, who had shown that he knows what he is doing, a completely unseasoned dan akerson was put at the helm of gm.
Aug 12, 2010 gm ceo ed whitacre will resign that post sept. His book and the on a clear day you can see gm are prized books for me. This straighttalking texan and former ceo of two of americas best. Everyday low prices and free delivery on eligible orders. Ed whitacre is the texan son of a railroad engineer. Ed whitacre is credited with taking over the corporate reins at general motors gm when the automotive manufacturer was on the brink of bankruptcy during 2008 and turned the company around in magnificent fashion. On september 1, 2010, whitacre stepped down as ceo, and retired as chairman of the. American turnaround by edward whitacre overdrive rakuten. It s no secret i have been critical of general motors management, right up to its bankruptcy filing a year ago. He served as national president of the boy scouts of america from 1998 to 2000.
Former gm ceo ed whitacre recounts details of postbankruptcy gm. Theres an exceptionally revealing story about gm in todays wall street journal gms plodding culture vexes impatient ceo. Whitacre will be replaced by gm board member daniel akerson, the managing director and. Apr 28, 2010 all that changed rapidly when the obama administration appointed ed whitacre as its chair in july 2009. American turnaround free summary by ed whitacre and leslie cauley. I have found them all fascinating and ed whitacre is no exception.
Aug 15, 2010 the official gm story doesnt make any sense. After a few chapters about why we might want to read ed s story, he talks about his childhood. Ed whitacre is credited with taking over the corporate reins at general motors gm when the automotive manufacturer was on the brink of bankruptcy. He delves candidly into the business tactics he used to bring gm back from the brink, and discusses the people and events that have influenced his life. Discover book depositorys huge selection of ed whitacre books online. Jun 09, 2009 here what you need to know about edward e. Gms rebound under whitacre is considered by most to be nothing short of miraculous, with the company repaying its government bailout in record time. But to suggest that he is the architect of gm s current success is a bit like crediting the rooster with. In 2010, whitacre was named as a finalist for texan of the year. Gm ceo ed whitacre said that he will step down on sept. Interim gm ceo whitacre named as permanent ceo the. Whitacre will be replaced by gm board member daniel akerson, the managing director and head of global buyout of the carlyle group.
As i recently explained in an oped in the ny times, unless gms market cap soars to its highest level in history a pipe dream if ever there was one the taxpayer losses on the gm investment will be in the billions. American turnaround free summary by ed whitacre and leslie. Gms north american president, mark reuss, was in the running as ceo in 2010, but was passedover for an alleged lack of seasoning, says reuters after reading an upcoming book by gms former ceo, ed whitacre. Whitacre s roll up your sleeves and lets get to work spirit has won the admiration and respect of executives and employees throughout the business world. Ed whitacre announced his resignation thursday, effective sept. May 31, 20 ed whitacre, author of american turnaround.
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