Find Reviews by Make:
Former GM CEO Fritz Henderson is no longer a $3000/hr consultant for General Motors, reports Reuters [via ABC]. Henderson, who was paid $59,090 per month for 20 hours of work per month as a consultant, left that lucrative position after being hired by Sunoco to oversee the spin-off of its SunCoke Energy business. TTAC estimates that Henderson made over $400,000 since being fired as CEO by Chairman Ed Whitacre. We remain mystified as to what possible impact his consultancy had on anything, short of possibly preventing an embarrassing (but likely very dull) tell-all book.
18 Comments on “Fritz Henderson Has Left The Building...”
Read all comments
Damned UAW and their perfidious ways. I used to think that people begrudging a guy 28/hr for forfeiting his life to build a car they could plant their fat asses in , was a petty little bugger. But this is a step too far – 300/hr – what’s he do, install heated seats or something?
Actually – $300 per hour is low for someone with his experience. We have techs at our firm that get billed out at higher rates than that.
Try $3000/hr
That’s nothing compared to how much he made filming Bevely Hill Cop.
http://ia.media-imdb.com/images/M/MV5BMTI3NDk4MjA4OF5BMl5BanBnXkFtZTcwNjc3ODgwMw@@._V1._SX640_SY905_.jpg
“Sir… I apologize for striking you. I have no excuse “
That pic is brilliant.
Uhm………$300/hr times 20 hours is $6k, last time I looked. Not $59k (per month as stated).
Apologies for the typo… the rate is indeed $3000 per hour. Text amended.
“We remain mystified as to what possible impact his consultancy had on anything, short of possibly preventing an embarrassing (but likely very dull) tell-all book.”
I suspect that it kept some ugly skeletons in the closet and Fritz off of the airwaves, valuable things to a company trying to reinvent its image in an effort to boost sales and make the IPO possible.
Who cares? It’s the taxpayers’ money.
you mean Chinese money.
You just answered your own question: Some taxpayers do care, although I’m not one of them.
Rumor has it that Fritz did some strange currency trades while he was in charge of GM Europe. They needed him around to help unwind them.
This is the norm these days in the inbred consequence free world of corporate management – but hey, somehow or the other it must be either a union or Obamas fault…
And if he showed up at all probably fully half his time was working through emails and deleting them. OR more likely listening to his secretary summarize them verbally.
At this point, $400k is nothing. Just figure it was a small part of his golden parachute.
Darn, I was hoping for a tell-all book … preferably written by his daughter:
https://www.thetruthaboutcars.com/whats-wrong-with-this-picture-you-know-besides-all-the-obvious-stuff-edition/
If he left that gig, then what kind of scratch must he be making at Sunoco!?!?
Whatever he is getting paid, it’s too much.