Fritz Henderson Has Left The Building
Published: October 6th, 2010
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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.
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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: http://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!?!?