17 of 21
GM's closed culture
GM's closed culture
Almost every executive at General Motors has spent his or her entire working life there, and some say that's part of the troubled automaker's problem.

That's why it seemed noteworthy when CEO Fritz Henderson announced in October that he would find an outsider to fill GM's top North American sales job.

But Henderson didn't seem to look too hard -- just a few hours later, he said he had given the job to Susan Docherty, a GM veteran of more than 20 years.

The automaker eventually looked outside its ranks for a CEO when it pushed Henderson out two months later. It hired GM chairman and former AT&T CEO Ed Whitacre, who has admitted in the past that he knows little about cars.


NEXT: Paid for not showing up

Last updated December 31 2009: 1:41 PM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
50 years of the Ford Mustang Take a drive down memory lane with our favorite photos of the car through the years. More
8 CEOs who took a pay cut in 2013 Median CEO pay inched up 9% in 2013 to $13.9 million. But not everyone got a bump last year. Here are eight CEOs who missed out. More
10 best convertibles now that spring has sprung It's finally time to put the top down. Here are our 10 favorite rides for the warmer months to come. More
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.