He'll get a company car. And more face time with General Motors brass. But mostly, Steve Girsky will gain a new perspective on the business he has spent nearly two decades analyzing.
Last week, Morgan Stanley's most quotable auto analyst took a job with GM, where he will provide insight to CEO Rick Wagoner and CFO John Devine. The courtship, handled personally by Wagoner and Devine, started six weeks ago and "really heated up two weeks ago," Girsky, 43, said last week.
"They said, 'You have the perspective from the suppliers, dealers, investors, the union - it may be more value-added to have that outside perspective inside the company,'" Girsky said.
In other words: Give it to us straight.
Girsky's contract is open-ended. So - given the fact that Wagoner played a key role in bringing him aboard - does Girsky have a backup plan in case Wagoner doesn't survive GM's current travail?