Wednesday, December 2, 2009

Great Misunderstanding

GM CEO Fritz Henderson resigned yesterday after the Board concluded that he hadn’t done enough to fix GM’s finances and culture.
We find this development thoroughly unfair and deeply disturbing as it was clear from Day 1 that "fixing the company's finances and culture" was not part of what he thought his job description entailed as my Dear Waldorf had pointed out early on.
It appears though that the Board's thinking was slightly different and therefore decided to fire him using a fair amount of force, will, and leverage...

1 comment:

Waldorf said...

actually it is a Great Misunderstanding. Apparently he did not resign but was asked to leave...shock...horror...