“I honestly didn't think that he would, long-term, be the guy at General Motors.
“I think Fritz's knowledge of General Motors and his history at General Motors probably provided a tremendous amount of value as they went through the bankruptcy and restructuring process, but going forward it was likely that he was not the guy to lead General Motors into the future.
“Ed Whitacre comes from outside automotive, and there were a number of people, with the success that Alan Mulally has had with Ford, that thought maybe that is the route to go, that we have to breathe new life into the auto industry.
“You still have to have the right person in place. There are still a lot of changes that need to be made in terms of strategically and directionally at General Motors.
“There wasn't anyone better than Fritz Henderson to lead them through this bankruptcy process. You certainly don't want to have someone fresh in there trying to lead. ... You need the history there that Fritz Henderson had.
“Going forward I think it requires a different skill set, quite frankly, than Henderson possesses.”