GM board sacks new CEO

GM logoOnly eight months after General Motors’ new owners — the U.S. government — replaced the old CEO, the GM board canned that CEO  in an effort to accelerate paying back taxpayers for the loans that kept the automaker afloat.  School of Management Dean Lou Lataif, a former Ford Motor Company senior executive, says the moves reflect the government’s impatience.

“What we are seeing is that the U.S. government, as a direct investor, may be even more impatient that private investors because of political pressures to repay the taxpayers.”

Contact Lou Lataif, 617-353-2668, lelataif@bu.edu

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