04/30/2009 05:12 am ET | Updated May 25, 2011

Fritz Henderson May Not Last Long At GM

The departure of Rick Wagoner as chief executive of General Motors was inevitable once Barack Obama's auto taskforce had concluded that it did not believe the restructuring plan GM had submitted in an effort to gain billions more in government support.

The question is whether Fritz Henderson, who is a GM lifer like Mr Wagoner, has enough credibility to retain his post as Mr Wagoner's successor for long.

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