Former AT&T CEO Ed Whitacre Jr. Selected By Government To Run GM
Ed Whitacre Jr. is the former CEO of AT&T. He helped rebuild AT&T when it was the U.S. Department of Justice divested the Bell System from AT&T. AT&T was the largest corporation in the world up until then. Whitacre has now been chosen by the U.S. government to lead the new General Motors once it emerges from Chapter 11 bankruptcy.
“I don’t know anything about cars,” stated Whitacre in an interview with Bloomberg. “A business is a business, and I think I can learn about cars. I’m not that old, and I think the business principles are the same.”
Whitacre arrived to AT&T through a series of acquisitions. He became CEO of SBC in 1988 and then bought Pacific Telesis (1997), SNET (1998), Comcast Cellular (1999), Ameritech (1999), and then AT&T (2005).
[via BloggingStocks]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry