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It’s Pitchforks and Torches Time

Posted in auto industry, General, GM, Newsworthy by Kurt Ernst | February 20th, 2010 | 2 Responses |

Remember Fritz Henderson, GM’s last CEO who was told to not let the door hit him in the ass last December? The CEO that pretty much ran GM into the ground?

Guess what? He’s back.

GM has announced the return of Fritz Henderson as a “consultant”, for the sum of $59,090 per month. Wait; it gets better. Henderson will work 20 hours per month to “earn” this salary. No need to do the math, because I’ve already done it for you – that works out to be $2,954.50 per hour.

Has GM lost their minds? No one is worth that kind of scratch, unless they can tell me the next ten winners of the Super Bowl, Kentucky Derby and the World Series. They’d better damn well give me a few winning mega-million lotto numbers while we’re at it, too. Henderson must have video tape of Ed Whitacre, dressed in a diaper, being spanked by a transvestite hooker.

Funny, but isn’t GM largely owned by the American government? I don’t remember any politicians asking me if I thought this was a good idea.

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2 Responses

  1. inthebuff says:

    It’s my money FFS!

    Got my pitchfork and I am ready.

  2. Jack says:

    To be fair, Henderson didn’t run GM into the ground on his own – he was placed as the CEO AFTER the bailout. There was a long string of brainiacs who ran the company into the ground well before Henderson reached the top spot. He was part of the crew that turfed the company, for sure, but let’s not blame him alone.

    The whole notion of any bailout is outrageous. Imagine the money that would be flowing into Detroit today if this shithole company had simply died off. That’s TENS OF BILLIONS in capital that’s tied up in this crap dinosaur.