Posted on 02/23/2010 9:07:58 AM PST by Stoutcat
Remember former GM CEO Fritz Henderson? The fellow who stepped up to the plate when our President fired former GM CEO Rick Waggoner? Yeah, Fritz lasted less than a year, before giving up his CEO spot to Ed Whitacre.
Well, good old Fritz Henderson is back. Apparently he’s been hired as a consultant for GM, and will be taking home quite the hefty pay check for about 20 hours of work per month...
(Excerpt) Read more at grandrants.wordpress.com ...
I dunno—I can think of a lot bigger outrages than this—and more expensive by several order of magnitude.
$2,954.50 per hour
* 20 hours/month
=
$59090.00 per month
* 12
$709,080.00 per year
And salaries in the private sector are at +/- $40,000.
Therefore, anyone earning an average salary is ‘worth’ .06% of this guy as a consultant.
Oops. wrong period, Excel. Think, Boots! That should be 6%, not .06%
I’ll do his job for half as much. And do it twice as well.
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