August 12, 2010 in Business, Nation/World

General Motors chief will step down

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DETROIT — General Motors Co. CEO Ed Whitacre says he’s stepping down Sept. 1.

Whitacre says he will be replaced by GM board member Daniel Akerson, the managing director and head of global buyout of The Carlyle Group.

Whitacre is the former head of AT&T who took over GM’s operations last fall.

Whitacre also serves as GM’s chairman. He says he will leave that job by the end of the year.

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Two comments on this story so far. Add yours!

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  Shylock13 on August 12 at 4:14 p.m.

  Interesting. How many millions will he get for “stepping down”? And from what source do those millions come? The taxpayers foot a very unnecessary bill, yet again!!

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  carbonuser on August 12 at 5:46 p.m.

  Ize gots me my OSLAMA Dollars….now it is time to leave.