Thursday, June 11, 2009

Edward Whitacre Knows Nothing About Cars

"Big" Ed Whitacre said he's ready to learn about cars and the auto industry today. Before the advent of Bailout Nation, this might have been a problem. Why is that, you might ask? Because, Ed is the new Chair of Government or is it General Motors. From the news:
“I don’t know anything about cars,” Whitacre, 67, said yesterday in an interview after his appointment. “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.”

Hey Dude, stop worrying about cars, you only need to worry about your shareholder in chief. I'm sure Ed's prior experience at AT&T with its constant interactions with the courts, the Congress and regulatory apparatus makes him the perfect fit for the new GM. Just don't expect any ideas about how to build better cars.