By on March 16, 2010

Fritz Henderson was Mr Transition at General Motors, taking over when Wagoner was ousted by the Presidential task force, and losing the top spot when Ed Whitacre’s purges hit a fever pitch. So it’s not exactly surprising to find out that, in addition to his $3k/hr consulting gig at New GM, Henderson is also getting paid by Old GM’s wind-down firm AlixPartners. The Detroit News won’t spill the beans on compensation, let alone the nature of Henderson’s work as a consultant, but does note that AP has slurped down over $35m in fees since last year’s bankruptcy. AP’s reasons for hiring Henderson:

From time to time, AlixPartners contracts with experienced specialists to complement our existing team and to help us grow, and that’s our purpose in signing on Fritz Henderson as an independent contractor working on a part-time basis,

Fritz Henderson: because he was liquidating General Motors before it was cool. Meanwhile, is the volatility of contract consulting work really a good idea, given the Henderson family temperament?

Get the latest TTAC e-Newsletter!

6 Comments on “Fritz Henderson Consulting For Old GM Wind-Down Firm...”


  • avatar
    mtymsi

    Whitacre must know something that we don’t and in typical Whitacre fashion he’s not sayin.

    As far as Alix partners from all I’ve read about them over the years they are a very successful company.

  • avatar

    A smart-ish man taking advantage of the ignorant (Whitacre and Co)because he can.

    While I hope he never has a position of power in an automobile company ever again, I can’t fault Henderson his ability to make cash off the fools at Gov’t Motors…

  • avatar
    jaje

    Fritz is a prime candidate to explain why GM didn’t understand how to run a long term profitable business. GM – run by accountants who are constantly at odds with the blue collar unions. Great working atmosphere.

  • avatar
    Disaster

    This sounds like typical politics where a person is hired in retirement as payback for favors they delivered earlier.

  • avatar
    Accazdatch

    Interesting picture.

    Guy on right is now the MOUTH over at Farmers..
    But who is the loud one on the left?!
    Is FRITZ just pretending he knows nothing?

    Alright…

    Someone explain to me…
    How is it that 2 months ago, it seemed that Lutz was running the whole show from his CEO / CFO office at OPEL, along with 2 other positions at GM US!

    How does he go from that.. to the company being reorganized around Ruess as the main guy… and now FRITZ getting 2 sacks of cash delivered daily.. by 2 companies.. as a consultant?!


Back to TopLeave a Reply

You must be logged in to post a comment.

Subscribe without commenting

Recent Comments

  • Re: New York 2014: Outtakes Part 2 – Expand Your Horizons

    Vega - It all started in 1980 when BMW called a turbocharged version of the e23 745i, despite the fact it only had a 3.2l engine.
  • Re: Town And Country Update: Road Trip

    nrd515 - A friend of mine is one of those guys who first got married out of high school and had a coupe of kids almost immediately. His mom and her husband live in...
  • Re: Saturation Dive: The GM 8L90 transmission

    SC5door - Until everything else fails around the car. You mention Ultradrive as a jab at Chrysler, yet totally blow off ignition switches, intake gaskets,...
  • Re: New York 2014: Outtakes Part 2 – Expand Your Horizons

    CRConrad - @Chris FOM: “No, the _28 nomenclature was a detuned 3L engine.” Maybe in America, maybe recently elsewhere too. But yes,...
  • Re: Ur-Turn: Need A Lyft?

    tekdemon - The thing is that you get to deduct a pretty hefty deduction on your taxes though so can still work out for you if you drive a lot of miles. I wouldn’t drive...
  • Re: Ur-Turn: Need A Lyft?

    danio3834 - Looking at their website, I’m having trouble figuring out what the exact fees/donations are and what a driver can typically expect to earn. More seating would...
  • Re: Ur-Turn: Need A Lyft?

    tekdemon - Uber drivers definitely double dip, my friend’s gotten a black car the last couple times he used X, and I’ve gotten a huge Denali SUV when I used black (rather...
  • Re: QOTD: The Economics Of Ownership

    danio3834 - The cranks are prescribing as much DIY as feasible for poor people where the economics of doing this does the most to make them less poor. DIYing repairs on an...
  • Re: Ur-Turn: Need A Lyft?

    CRConrad - @7402: “I’ll wait for the first huge civil suit to meander through the appeals system before putting my own car out there.” So you plan on perhaps signing up...
  • Re: New York 2014: Outtakes Part 2 – Expand Your Horizons

    FJ60LandCruiser - I’d rather have a FEW well-executed models than DOZNES of half-assed platform sharing crossovers, wagonoids, and 4...

New Car Research

Get a Free Dealer Quote

Staff

  • Authors

  • Brendan McAleer, Canada
  • Marcelo De Vasconcellos, Brazil
  • Matthias Gasnier, Australia
  • J & J Sutherland, Canada
  • Tycho de Feyter, China
  • W. Christian 'Mental' Ward, Abu Dhabi
  • Mark Stevenson, Canada
  • Faisal Ali Khan, India