First Thing, Daily Maverick's flagship newsletter

Join the 230 000 South Africans who read First Thing newsletter.

A South African Hero: You

There’s a 99.7% chance that this isn’t for you. Only 0.3% of our readers have responded to this call for action.

Those 0.3% of our readers are our hidden heroes, who are fuelling our work and impacting the lives of every South African in doing so. They’re the people who contribute to keep Daily Maverick free for all, including you.

We need so many more of our readers to join them. The equation is quite simple: the more members we have, the more reporting and investigations we can do, and the greater the impact on the country. We are inundated with tip-offs; we know where to look and what to do with the information when we have it – we just need the means to help us keep doing this work.

Be part of that 0.3%. Be a Maverick. Be a Maverick Insider.

Support Daily Maverick→
Payment options

GM booted Henderson after he failed 100-day review

Defend Truth

GM booted Henderson after he failed 100-day review

General Motors’ CEO Fritz Henderson resigned after the board of directors said he hadn't done enough to fix the finances and culture of the biggest US car maker. He got the boot after a 100-day review on his performance since GM's bankruptcy. The board said Henderson had made progress, but it wasn't enough. It sounds like being at the top of the pile is no different from being at the bottom of the heap. Now GM chairman Ed Whitacre has taken over on an interim basis. That makes one wonder who will review his performance in time to come. Henderson, a 25-year GM employee, became CEO after a US government task force asked former head honcho Rick Wagoner to leave as part of a rescue plan. Bloomberg says the company is looking to bring in someone who has a completely different perspective. At this juncture, one can only wonder what that means. Read more: Business Week, International Business Times

Gallery

Please peer review 3 community comments before your comment can be posted