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Tuesday, March 2, 2010

Someone Explain General Motors to US!

General Motors is now  paying Fritz Henderson, the guy the automaker ousted as CEO 3 months ago because he wasn't cutting it. He's back and gets paid $59,000 per month (yea, per month as in 30-days),  for 20 hr of work as a consultant to their European operation.

59x12 is over $600,000 per year for being a part-time consultant. That seems like a lot of compensation.

General Motors stated that a man with this type of experience needs to be paid 'adequately'. What experience might that be, you would logically ask. Well, wouldn't you? 

$59,000 per month for 20 hours. We could feed lots of people in Darfur with that money...or Camden, New Jersey, for that matter.

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