Fritz has let GM down and I regret those transgressions with all of my heart. He was not been true to GM’s values and the behavior GM deserves. I am not without faults and I am far short of perfect. I am dealing with GM’s behavior and business failings behind closed doors with the GM family. Those meetings should be shared by us alone.
Although I am a kinda-known person and have made my career as a professional CEO, I have been dismayed to realize the full extent of what tabloid scrutiny really means. For the last bazillion years, GM and I have been hounded to expose intimate details of our business decisions. The stories in particular that stupid choices played any role in the car accident that is GM now were utterly false and malicious. Whitacre has always done more to support our family and shown more grace than anyone could possibly expect.
But no matter how intense curiosity about public figures can be, there is an important and deep principle at stake which is the right to some simple, human measure of privacy. I realize there are some who don't share my view on that. But for me, the virtue of privacy is one that must be protected in matters that are intimate and within one's own company. Stupid business decisions should not require press releases and problems within a company shouldn't have to mean public confessions.
Whatever regrets Fritz has about letting GM down have been shared with and felt by us alone. I have given this a lot of reflection and thought and I believe that there is a point at which I must stick to that principle even though it's difficult.
We will strive to be a better company and the CEO and all might ruler that GM deserves. For all of those who have supported GM over the years, I offer my profound apology for hiring Whitacre.
(Punch it, Hurb
Yo, I don't think we should talk about this
Come on, why not?
People might misunderstand what we're tryin' to say, you know?
No, but that's a part of life)
The money quote: The transition to electric vehicles is as important as "moving from horses to horsepower." He's now "Maximum Charge" Bob Lutz.
We've discussed this to death, I guess, but I just take this as insincere. There's just no evidence that it's important, imminent, or inevitable. I understand why manufacturers would say it, but I don't beleieve they believe it.
@snapoversteer 'bout to get told: In the short term, it's a great deal for customers. The eco freaks won't let us build enough nuclear power plants to power the grid however, so it's going to take forever (or maybe never) get to mass market.
Once that happens we're screwed anyway, because the loss of the gasoline tax would bankrupt the Government worse than they already are. At this point, they'd just raise the taxes on electricity to compensate, making it just as expensive to "fill up" your plug in.
@snapoversteer 'bout to get told: They don't believe it any more than the public wants it. True there is a string of people who want electric (or think they do), but the number is small. What people want is a vehicle they know will start in the morning and remain running at any speed for a good distance. Electric/battery (you pick the storage type) has many issues that are not brought up in electric vehicle talks. Examples; the effects of extreme long-term heat/cold on the battery. I'm not talking desert heat or artic cold. I'm talking South Mississippi heat and North Minnesota cold. These two driving conditions alone could be the main factor in success or failure of an electric product.
It needs to be Maximum Bob's world, and Maximum Bob's GM.
Every single decent car that GM has come out with has been under Maximum Bob's watch; and not just the sporty, Jalopnik-favored cars, but also more sedate, toaster-loving general public cars, too. Lutz knows how to ensure a good car is made, and he knows how to market a car. The only other viable candidate from within, in my humble opinion, would be Ed Welburn.
Put Maximum Bob at the reins of GM, and I will repent. I will once more be a Corvette Red-blooded, flag-waving, mullet-rocking GM fanboy.
If you peer closely, you can just make out letters of Fritz Henderson's name under the tape.
This is the part of the movie where the subhero dies, and the real hero picks up the fallen good guy's guns, and blasts away all the bad guys. Go get 'em, Bob. Maximum Bob! Maximum Bob!
MPG Keynote? Dare I believe Bob might talk about fuel economy - the other side of high performance? That'd be something to see.
@Elhigh: You know, he is also responsible for the development of the Malibu, which gets the best fuel economy in its class (the non-semi-mild-hybrid versions, that is). He knows how to make good cars, and he knows that it is the performance cars that bring people into the dealership, regardless of what they drive away in.
12/05/09
12/02/09
I thought it was the headline on the WSJ.
My bad.
12/02/09
12/02/09
12/02/09
12/02/09
by
Bob Lutz
12/02/09
Although I am a kinda-known person and have made my career as a professional CEO, I have been dismayed to realize the full extent of what tabloid scrutiny really means. For the last bazillion years, GM and I have been hounded to expose intimate details of our business decisions. The stories in particular that stupid choices played any role in the car accident that is GM now were utterly false and malicious. Whitacre has always done more to support our family and shown more grace than anyone could possibly expect.
But no matter how intense curiosity about public figures can be, there is an important and deep principle at stake which is the right to some simple, human measure of privacy. I realize there are some who don't share my view on that. But for me, the virtue of privacy is one that must be protected in matters that are intimate and within one's own company. Stupid business decisions should not require press releases and problems within a company shouldn't have to mean public confessions.
Whatever regrets Fritz has about letting GM down have been shared with and felt by us alone. I have given this a lot of reflection and thought and I believe that there is a point at which I must stick to that principle even though it's difficult.
We will strive to be a better company and the CEO and all might ruler that GM deserves. For all of those who have supported GM over the years, I offer my profound apology for hiring Whitacre.
/Tigered
12/02/09
12/02/09
Yo, I don't think we should talk about this
Come on, why not?
People might misunderstand what we're tryin' to say, you know?
No, but that's a part of life)
12/02/09
We've discussed this to death, I guess, but I just take this as insincere. There's just no evidence that it's important, imminent, or inevitable. I understand why manufacturers would say it, but I don't beleieve they believe it.
12/02/09
Once that happens we're screwed anyway, because the loss of the gasoline tax would bankrupt the Government worse than they already are. At this point, they'd just raise the taxes on electricity to compensate, making it just as expensive to "fill up" your plug in.
12/02/09
12/02/09
12/02/09
Naw, I'm just kidding. But do you think?
12/02/09
12/02/09
12/02/09
Either way, she should probably shut up.
12/02/09
12/02/09
Every single decent car that GM has come out with has been under Maximum Bob's watch; and not just the sporty, Jalopnik-favored cars, but also more sedate, toaster-loving general public cars, too. Lutz knows how to ensure a good car is made, and he knows how to market a car. The only other viable candidate from within, in my humble opinion, would be Ed Welburn.
Put Maximum Bob at the reins of GM, and I will repent. I will once more be a Corvette Red-blooded, flag-waving, mullet-rocking GM fanboy.
Until that happens, go Ford.
12/02/09
If you peer closely, you can just make out letters of Fritz Henderson's name under the tape.
This is the part of the movie where the subhero dies, and the real hero picks up the fallen good guy's guns, and blasts away all the bad guys. Go get 'em, Bob. Maximum Bob! Maximum Bob!
MPG Keynote? Dare I believe Bob might talk about fuel economy - the other side of high performance? That'd be something to see.
12/02/09
12/02/09