Tag Archives: Ed Whitacre Jr.
GM Chairman Ed Whitacre Says $8 Billion In Loans To Be Paid By June
GM Chairman and CEO Ed Whitacre said that they will pay back about $8 billion in loans by the government to the U.S. and Canada before June. This is faster than the time-line that was expected before. “I believe we’re going to beat that date,” stated Whitacre. ”We have restructured and the progress that we’ve made, I believe, is sustainable. We’re not being crushed under a mountain of debt. We have a cost structure that works.” [egmCarTech]
Categories Ed Whitacre, Ed Whitacre Jr., General Motors, GM
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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]
Categories AT&T, AT&T Inc., Ed Whitacre Jr., General Motors Company
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