Free Republic

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...

On December 8, Susan Gustafson at MLive.com proclaimed that "GM's announcement of no more layoffs is good news after years of hemorrhaging jobs": General Motors' announcement this morning that it plans no further layoffs in the immediate future is huge news for both the automaker and Michigan as a whole after years of steady erosion in the ranks of hourly and salaried workers. .... the company doesn't expect the numbers of hourly workers on indefinite layoff to increase. That same day, Robert Snell at the Detroit News reported the same thing: General Motors Co. does not plan any job cuts...

WASHINGTON (AP) - General Motors Co. CEO Fritz Henderson said Wednesday that government-imposed cuts to his own salary, and the pay of other executives at seven companies that received taxpayer money, were "fair" and "thoughtful." Henderson was among executives who will see their base salaries slashed under a plan by Kenneth Feinberg, the Obama administration's "pay czar." Henderson, between meetings with lawmakers on Capitol Hill, said the changes were "tough, but the situation is tough."

The Talk Shows Sunday, April 5th, 2009 Guests to be interviewed today on major television talk shows: FOX NEWS SUNDAY (Fox Network): David Axelrod, White House senior adviser; Gov. Mark Sanford, R-S.C.; former House Speaker Newt Gingrich, R-Ga.; Rep. Debbie Wasserman Schultz, D-Fla.MEET THE PRESS (NBC): Fritz Henderson, chief executive officer of General Motors Corp.; William Rodgers, chief economist at the John J. Heldrich Center for Workforce Development at Rutgers University.FACE THE NATION (CBS): Treasury Secretary Timothy Geithner.THIS WEEK (ABC): Susan Rice, the U.S. ambassador to the United Nations; Richard Haass, president of the Council on Foreign Relations. STATE OF...

The man now running General Motors after Barack Obama demanded the resignation of former CEO Rick Wagoner wants to thank America for all the cash. Really, he does. Fritz Henderson just doesn’t think it will help, and wants to declare bankruptcy — as conservatives suggested before we spent $14 billion to prop them up:

<p>DETROIT – General Motors Corp.'s new chief executive said Tuesday that more of the automaker's plants could close and bankruptcy is "more probable" as GM works to meet new, tougher requirements for government aid.</p> <p>In his first news conference as CEO, Fritz Henderson said he expects the company would "need to take further measures" beyond the five plants the company said it would shutter when it submitted a restructuring plan to the government last month.</p>

LONDON (MarketWatch) -- U.S. stock futures slumped on Monday, as the White House said bankruptcy was a possibility for General Motors and Chrysler while hopes for a new round of global stimulus spending appear thwarted. S&P 500 futures fell 21.4 points to 794.70 and Nasdaq 100 futures fell 30.75 points to 1,225.20. Dow industrial futures dropped 187 points... ...Wagoner's apparent successor, COO Fritz Henderson, wasn't warmly received