GM's new Chief Employment Officer

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Ed Whitacre has been named the new permanent CEO of GM, having served as temp CEO for a few months. I have it on good authority that he is a doofus.

This is not good.

A lot of GM top brass are heading for the exit signs. Heading for the exits is not a sign of success.

The main theme of the press conference? Full steam ahead.

http://images.thetruthaboutcars.com/2008/06/titanic6.jpg

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