At a news conference in Detroit this morning, GM chairman and acting CEO Ed Whitacre, Jr., said that he has agreed to take the CEO job for an indefinite period following a request by last week by the U.S. government-packed board of directors.
The announcement confirms new reports, including ours, of earlier today, and possibly calls into question the effectiveness of regulation FD, or fair disclosurer, from the Security and Exchange Commission, which is designed to prevent the selective release of news material to some of a company’s investors before it’s publically revealed to all.
↧
