"When Ed Whitacre decides, it's not negotiable. If he decides against you, you're done."
--Coca-Cola (KO) exec Wendy Clark, about General Motors' (GM) new CEO, whom she worked for when he headed AT&T (ATT). Today, the GM board ousted CEO Fritz Henderson, who was in the post just eight months, and installed Whitacre, GM's chairman, as the new chief executive.
No doubt, Whitacre had a key role in the power shift.
And hearing Clark talk about the man, you understand that anyone working under him is on a short leash. Clark, a rising star who is SVP of Integrated Marketing and Communications at Coke and previously headed marketing for Whitacre at AT&T, spoke about his unusual leadership style last month at a Fortune Most Powerful Women dinner event in Atlanta. "He doesn't talk much. He listens intently. He surrounds himself with experts who know everything," Clark said. She calls Whitacre "the greatest mentor" she's ever had.
Her view of Whitacre at GM? "If Ed can't fix it, no one can fix it," she says.--Patricia Sellers
by Patricia Sellers and Jessica Shambora
We took a break from posting our daily Power Point--Postcards' quote of the day--last week, but we collected more than a few good ones at Fortune Brainstorm Tech in Pasadena. Here are our 10 favorites, from the mouths of media moguls, tech titans, Tweeters and more.
"It's not really my thing. I don't go to the dentist. I don't do things that cause me to emote." MOREJessica Shambora, Writer-Reporter - Jul 28, 2009 12:09 PM ET
"It could well be that we are witnesses to the birth of yet another Apple ecosystem."
-- Sanford Bernstein analyst Craig Moffett in the New York Times Wednesday. After the bell, Apple (AAPL) reported a 15% jump in second-quarter net income to $1.21 billion. Sales of the iPhone surged 123% over the last quarter, with 3.79 million units sold.
"The iPhone has quieted any skeptics who thought this was a one-time event MOREJessica Shambora, Writer-Reporter - Apr 22, 2009 7:24 PM ET
"I felt it was the right thing to do. We are a company that expects the highest performance and accountability, and that starts at the top."
- AT&T (ATT) CEO Randall L. Stephenson, in a memo to employees about forgoing his 2008 bonus. Here's a boss who (unlike the Wall Street honchos) didn't have to give it up. In fact, Stephenson's decision distinguishes him as a very different kind of leader MOREPatricia Sellers - Feb 2, 2009 3:59 PM ET
by Stephanie Mehta
Pattie Sellers recently blogged about good and bad corporate behavior. Here's another example to add to the "good form" category: AT&T chief Randall L. Stephenson is forgoing his 2008 bonus.
"I asked the board not to pay me a bonus for 2008, and they approved that request," Stephenson wrote in a memo to employees. "Given the economic environment, the workforce reductions, and our earnings outlook for 2009, I felt MOREPatricia Sellers - Feb 2, 2009 1:41 PM ET
"We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer."
-- Sen. Claire McCaskill, D-Missouri, on the floor of the Senate Friday. McCaskill introduced legislation stipulating that no employee of any company that accepts federal bailout money be allowed to earn more than the President of the United States. Obama's annual salary is $400,000. The bill came a day after Obama MOREJessica Shambora, Writer-Reporter - Jan 30, 2009 7:28 PM ET
I took a 7 a.m. Acela from New York to Washington, D.C. this morning to meet with D.C. Public Schools Chancellor Michelle Rhee and then attend the Fortune 500 Forum, beginning this afternoon. My train was on time to the minute; Rhee's red-eye from the West Coast was delayed by D.C. fog, so she and I are now due to meet Wednesday. I'll share my thoughts later this week about Rhee, who MOREPatricia Sellers - Dec 1, 2008 2:05 PM ET
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