AMERICAJR NETWORK :: COACH'S CORNER PRO SHOP :: SAND CREEK RECORDS :: LIFE MADE EASY

:: DETROIT, MICHIGAN USA << >> LIVE STOCK TICKER :: MESSAGE BOARDS ::
 
 
 
 
 
 
 
 

COPYRIGHT

© 2014 AmericaJR.com.
All Rights Reserved.

Unauthorized duplication or use of Text, Photos, Videos, Site Template, Graphics and or Site Design is Prohibited by Federal and International laws. See our Notice/Disclaimer and Privacy Policy.
 

AMERICAJR EMAIL

Email Login
Password
New users
sign up!

Detroit's Only FREE E-mail Provider

 

FEATURED

WIN A PAIR OF TICKETS TO

March 7 in Saginaw, MI

CLICK HERE TO ENTER

 

SPONSOR

 
 

<< News >>

2014 North American International Auto Show

Dan Akerson says his final goodbye to General Motors

 

PHOTO BY GLORIA RZUCIDLO / ©AMERICAJR.com

Former GM Chairman & CEO Dan Akerson with Keith Crain at the Automotive News World Congress on Jan. 15, 2014.

 

by Jerome Rzucidlo
AmericaJR.com Web Team

 

|

DETROIT -- Dan Akerson, former CEO and Chairman of General Motors, was the special guest at the 2014 Automotive News World Congress in Detroit, Michigan. Keith Crain, Editor-in-Chief of Automotive News, says "We're just gonna chat." Akerson reflected on his beginning, his proudest moments and his legacy at GM.

How were you asked to be CEO? "I was asked if I would consider to be both CEO and Chairman and I said, 'It was a pretty tall order.' I waited until I got home and told my wife. Telling her on the phone was unacceptable. GM to me represented more than a company. This was a mission you had to believe you were doing this for the good of the company, this region of the country and for the United States," he added.

What was your surprise? "The basic fundamentals had been ignored for many decades. It took us eight weeks maximum to close the books. We had to re-vamp our financials. We didn't know what profit-line profitablity was. We didn't have control of our own IT (information technology). Those have been the biggest surprises."

You were an engineer, was it a little bit chaotic? "It always matters what people think of you. There was a little bit of scratching my head. But we had people who rose to the occasion such as Mark Reuss and Mary Barra. I love an underdog. The organization was very fragile. I knew I made the right decision. The GM employee base was very committed. Hats off to the GM team. In some sense, the CEO is like a manager, makes decisions to show leadership. You are always looking for the best talent.....looking for the best team for the long term."

What was it like going to the GM Tech Center? "Everyone looked at me and wondered, 'Who in the hell was I?' The organization was fragile. Someone said, 'I'll give you a summary' and I said, 'No I want to read the manual.' I was good at that."

Five years from now, assuming the vision is in tack? "I'm sorry I don't want to answer that. The monkey was on our back to deliver results. We had to be profitable, get back on the S&P, repay the government and hopefully pay dividends. And we did that. When you quit learning, you're dead. The first year of my job was to position the company towards success. I told Bob King, 'We need to be friends, you need me and I need you.' We believe in our future, in our strategy and our company. The two-tier wage is important. Cost of labor has to be competitive. We try to build where we sell."

Why Mary Barra? "When I first came in, she was in Human Resources, she's a woman who knows the business. She was not brought up in H.R. What I needed was a good manager. Mary was very decisive personally and I wanted to push her capability. To add a note, Barra will be the first CEO of any major automaker."

Did you ever think of being an author? "I'd have to think about that," he says.

Akerson also said that there are still challenges in Europe and India where GM recently announced would close. However, he also said that GM will be reinvesting billions in the company.

Crain concluded with, "I think GM owes you a great debt and America owes you a great debt."

Related Stories: Automotive industry expected to grow in 2014, analysts say; 2015 Honda Fit debuts as the next car for everyone's lifestyle; 2015 Ford Mustang makes its auto show debut in Detroit; Kia shows off GT4 Stinger concept at 2014 NAIAS; 2014 NAIAS: Bringing Muscle Back to Detroit; WATCH: Exclusive Interview with 2014 NAIAS Vice Chairman Scott LaRiche; 2015 Hyundai Genesis to feature Verizon Wireless technology, Google Glass capability; 2015 Bentley Continental GT V8 S introduced at NAIAS in Detroit; 2015 Subaru WRX STI sports sedan revealed at NAIAS in Detroit; UAW to increase its dues, unionize at VW's Chattanooga plant by June; 2015 Cadillac ATS Coupe makes its world debut at NAIAS in Detroit; 2015 Acura TLX GT Race Car headed to the Pirelli World Challenge series; Volvo Concept XC Coupe offers a preview of the next generation XC90

 

 


 

PHOTO BY JEROME RZUCIDLO / ©AMERICAJR.com

In July 2009, Akerson was named to the board of directors of General Motors as a representative of the U.S. Treasury, which owns a 61% stake in GM.

 

PHOTO BY GLORIA RZUCIDLO / ©AMERICAJR.com

On August 12, 2010 it was announced that Akerson would be the successor of Ed Whitacre as CEO of General Motors, starting September 1, 2010 and would also assume the Chairman of the Board position on January 1, 2011.

 

PHOTO BY JEROME RZUCIDLO / ©AMERICAJR.com

General Motors, during Akerson's first year of tenure in 2011, earned a record $7.6 billion in profit off of $150.3 billion in sales.

 

PHOTO BY GLORIA RZUCIDLO / AMERICAJR.COM

Akerson chose Marry Barra to be his successor as CEO and shortly after, Theodore Solso was named Chairman.

 

This page was last updated on Sun, March 30, 2014 11:10 PM

 

Bookmark  

 

 

 

BACK TO THE AMERICAJR ONLINE HOMEPAGE

Copyright © 2014 AmericaJR.com. All Rights Reserved.
Unauthorized duplication or use of Text, Photos, Videos, Site Template, Graphics and or Site Design is Prohibited by Federal and International laws. See our Notice/Disclaimer and Privacy Policy.

AMERICAJR NETWORK :: COACH'S CORNER PRO SHOP :: SAND CREEK RECORDS :: LIFE MADE EASY