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?