Ed Whitacre's Secret Plan To Save GM

Taxpayers looking for answers may have to wait awhile.

DETROIT December 8, 2009; Joann Muller writinbg for Forbes reported that new General Motors Chairman Edward E. Whitacre Jr. was quick to dismiss the automaker's former chief executive after just eight months on the job, saying GM wasn't moving fast enough. But if Whitacre, who took over as CEO while GM searches for a permanent replacement, has a better idea of how to run the company, he's not sharing it publicly.

And for American taxpayers who now own 60% of the automaker by virtue of a $50 billion federal bailout, that's reason to worry. Since forcing out Frederick "Fritz" Henderson as CEO on Dec. 2, Whitacre, the former chairman and chief executive of AT&T, has had three opportunities to publicly share his strategy for fixing GM. But instead of demonstrating the kind of public accountability he demands from others within GM, he seems to be avoiding it so far.

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