Word: henderson
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...Although Henderson appeared to be making some progress to outsiders, he did not implement changes quickly enough to satisfy the Board’s desire for change...
...Henderson, who has worked at G.M. for 25 years, may be too closely tied with the company to provide bold changes, according to Business School professor Joseph L. Bower...
Although G.M. has not provided details on its search for a new chief executive, Bower said that the company would most likely look for an outsider who “would do things that were just too difficult for Henderson [as an insider...
...doesn’t have forever to fix itself,” he said. “The papers tell us that the board concluded that Henderson was a good man, but he was not willing to move fast enough transforming G.M. into a 21st century company...
...Henderson also had the bad luck to have several deals blow up in his face. Entrepreneur Roger Penske walked away from an agreement to buy Saturn because he couldn't find anyone to supply him with cars, forcing GM to close the division...