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“Its not about waiting for the storm to pass, but learning how to dance with the lightning”

Kent Kresa and the Carlyle Group

General Motors (GM) has appointed Kent Kresa, senior adviser of the Carlyle Group as its interim CEO.

From the Caryle Group’s website:

Mr. Kresa was Chairman of the Board of Directors of Northrop Grumman Corporation from September 1990 until October 2003. He served as Chief Executive Officer from January 1990 until March 2003, and President from 1987 until September 2001. In 1982 he was appointed Group Vice President of the company’s Aircraft Group and in 1986 was named Senior Vice President-Technology Development and Planning. Mr. Kresa joined Northrop Grumman in 1975 as Vice President and Manager of the company’s Research and Technology Center, developing new proprietary processes and products for the company. From 1976-82 he served as Corporate Vice President and General Manager of the Ventura Division, a leader in the production of unmanned aeronautical vehicles.

Before joining Northrop Grumman, Mr. Kresa served with the Defense Advanced Research Projects Agency, where he was responsible for broad, applied research and development programs in the tactical and strategic defense arena. From 1961-68 he was associated with the Lincoln Laboratory at the Massachusetts Institute of Technology (M.I.T.), where he worked on ballistic missile defense research and reentry technology.

After forcing the resignation of the former Chairman President Barack Obama said, “The United States government has no interest in running GM. We have no intention of running GM.”

But who runs the United States Government?  The Carlyle Group?



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