On Friday I was in Washington for a (meeting) with Administration officials. In the course of that meeting, they requested that I “step aside” as (CEO) of GM, and so I have.
Fritz Henderson is an excellent choice to be the next CEO of GM. Having (worked) closely with Fritz for many years, I know that he is the ideal person (to) lead the company through the completion of our restructuring efforts. His knowledge of the global industry and the company are exceptional, and he has the intellect, energy, and support (among) GM’ers worldwide to succeed. I wish him well, and I stand ready to support him, and interim Non-Executive Chairman Kent Kresa, in every way possible.
I also want to (extend) my sincerest thanks to everyone who supported GM and me during my time as CEO. I deeply appreciate the excellent (counsel) and commitment of the GM Board and the strong support of our many partners including our terrific dealers, suppliers, and community leaders. I am grateful as well to the union leaders with (whom) I have had the chance to work closely to implement numerous tough but necessary (restructuring) agreements.
Question)
1. What does the letter mainly talk about ?
2. For a CEO, what kinds of abilities should he/she have ?
