Liking What He Sees, GM's Whitacre to Stay on as New CEO

Ed Whitacre is a 'temp' no more. The General Motors chairman of the board, who took over as interim chief executive officer following the ouster of Frederick "Fritz" Henderson in December, is making the post permanent. Whitacre made the announcement to a group of reporters at a hastily arranged press conference Monday morning in Detroit. The decision was reached last week during a special meeting of GM's board in which the former AT&T (T) CEO was asked to stay on permanently.