DETROIT - Jack Smith can be expected to do the unexpected.
That was apparent in the General Motors chairman's plan to oversee crisis-ridden companies as well as investments in badly operated companies by consulting for corporate turnaround guru Jay Alix.
Smith will become chairman of the joint advisory board of Alix's company, AlixPartners LLC, and the investment arm Alix founded, Questor Partners Funds. Smith's job is to be an adviser, not a hands-on operations guy. He also will become a limited partner in Questor.
Smith says he faced "lots of time on his hands" with his planned retirement from GM on May 1. That's likely to change when he tackles Alix's global growth plans.