This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Is Lutz GM's Heir Apparent?: Leadership Matters

NEW YORK ( TheStreet) -- In my column on June 22, I questioned the appointment of Fritz Henderson as CEO of General Motors, not because Henderson isn't a good guy but because he was part of the old guard that created the insulated and somewhat arrogant culture that took GM to the brink in the first place. I mention this because it seems that Chairman Ed Whitacre and GM's board finally has figured this out.

Not that I'm gloating mind you. You hate to see anybody of Henderson's caliber unceremoniously dumped. But the appointment was doomed from the beginning if what GM is after is true operational and cultural change.

Now the drama continues. Who will be Henderson's successor? Had I written this column immediately after the announcement was made, I would have predicted one of two people -- either Whitacre himself, known from his AT&T (T - Get Report) days as being a hands-on kind of leader, or Bob Lutz, the golden boy of the automotive design world. Now, after seeing the next round of changes in GM over the last few days, I believe it comes down to Lutz as the heir apparent.

For one thing, while Mark Reuss was appointed to head the GM North American business, the more telling young executive appointment was Susan Docherty, who has now taken the top sales and marketing position. This last move essentially puts in place Lutz's successor and frees him up to take on new responsibilities. Of course, GM has stated that Lutz's role as vice chairman is as a mentor for the newer executives and as an adviser to Whitacre to "learn the automobile industry."
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
F $11.37 1.80%
T $36.37 0.44%
AAPL $94.03 0.35%
FB $103.28 1.30%
GOOG $687.74 0.68%


Chart of I:DJI
DOW 15,893.71 +233.53 1.49%
S&P 500 1,847.89 +18.81 1.03%
NASDAQ 4,294.0220 +27.1850 0.64%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs