Loose Lips Sink Ships: Akerson Stops Leaks, Starts New Ones

There goes the prestige Rarely do Dan Akerson, the CEO of GM, and TTAC see eye to eye. This time, they do. Two weeks ago, we complained that GM is leaking like a scuttled steamer.  Yesterday,  Dan Akerson took the whole company to task: "We have to stop leaking in this company. It's an act of treason — it really is," Akerson said in an internal video conference with GM employees. The conference tape was promptly leaked to the Detroit News, and it contained more leaks. After GM's Chief Marketing Office Joel Ewanick was ousted under murky circumstances, the company officially threw dirt after him ("Failed to meet the expectations that the company has for its employees.") Soon thereafter, Ewanick found himself under a barrage of leaks, each more childish than the other.  Akerson wants the leaking to stop. And while the former Navy officer is shoring up the ship, he leaks some more. The Detroit News was "given access to a recording of the call" and says  that Akerson complained about "a recent Bloomberg News report on the dismissal of marketing executive Joel Ewanick — over internal frictions and failure to disclose the full cost of a $559 million soccer deal — "was almost verbatim what happened. That is unfair to anybody whether you think he's right, wrong or in-between." Well, thank you for leaking that  Bloomberg had it right. Now they don't have to rely on "people familiar with the matter," they have their confirmation right from the boss. Akerson said employees would have to sign a document called "Winning With Integrity." A GM spokeswoman promptly told the Detroit News "that the document is not new, and that employees have had had to sign a compliance form for at least 10 years." from The Truth About Cars http://www.thetruthaboutcars.com

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