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America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)Mark LaNeve posts
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Mark LaNeve has been dismissed as General Motors' North American sales chief as the company looks to reverse a sales decline that has been driving tanking market share in the North American market. On a conference call with investors, CEO Fritz Henderson said that the company would "benefit from fresh perspective" on marketing in the United States.Continue reading General Motors tells North American sales chief to pack his bags
After an enormous amount of hype and wasted PR-money, General Motors is ending its car-selling partnership with eBay (NASDAQ: EBAY) after dealers reported that the program didn't spur sales and led to a raft of low-ball offers that didn't go anywhere.
By far my favorite quote from the Wall Street Journal coverage (subscription required) of this development: "We thought the program was successful but that this was not the right time," GM sales chief Mark LaNeve said.
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