General Motors CEO Ed Whitacre Steps Down

Friday, August 13, 2010

General Motors Co.'s CEO, Ed Whitacre Jr. in a file photo taken at GM headquarters January 25, 2010 in Detroit, Michigan. (Bill Pugliano/Getty)

Barely 24 hours after announcing the company's positive second quarter earnings, GM CEO Ed Whitacre announced yesterday that he would be stepping down from the company. It was an expected move; Whitacre came out of retirement to steer the company towards better economic waters, and promised it would be a short term undertaking. But his departure took some by surprise, who expected he would stay through the company's stock offering, which should take place next week. What shape does Whitacre leave the company in? And what ahead?

We're joined by New York Times reporter Nick Bunkley, who joins us from Detroit.

Guests:

Nick Bunkley

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