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GM’s CEO calls it quits


Fritz Henderson, the longtime automotive top manager who became CEO of General Motors and steered the once–mega-U.S.-automaker through bankruptcy resigned on Dec. 1. Henderson served just eight months as head of GM.

Ed Whitacre, GM’s chairman will take over until a replacement is named.

Henderson took over the reins of GM after his predecessor, Rick Wagoner, was asked by the White House to resign following GM’s downward financial spiral that required the Bush administration to provide bailouts for GM as well as for Chrysler.

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