Despite some big name speakers, there are usually few surprises during the opening session of the Los Angeles Auto Show. But this year could be a different. For one thing, the previously publicized headliner won’t be here — Fritz Henderson will be back in Detroit packing his things after”resigning” as President and CEO of General Motors Company. Speaking in his place will be Vice Chairman Bob Lutz whose future is also uncertain.
It’s unlikely, nay certain, that the boastful corporate infighter Lutz will provide any insight whatsoever into the boardroom intrigue that led to Henderson’s departure.
Indeed, even close associates havebeen left guessing as to whether the 50-year-old executive jumped or was pushed from his perch, although Ken Zino has provided a persuasiveve explanation for the firing based on GM’s awful business results and interviews with senior GM managers.
(Click Here for Ken Zino’s breaking news analysis on Henderson’s ouster.)
Though only some, well honestly few, observers wondered whether Henderson would last alongside GM’s hard-charging newly-government- mandated Chairman, Edward Whitacre, the timing of Tuesday’s announcement caught the complacent mainstream media by surprise. Although, the Detroit Bureau humbly submits, we have been saying Henderson’s future was in doubt since former chairman Rick Wagoner’s well deserved ouster earlier this year.
Why TV news readers expressed surprise that the number two GM exec was on the bubble as well, is beyond us – maybe it has something to do with the effects of peroxide on brain cells. All you had to do was look at the results since Henderson took over.