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New rules cost GM's Henderson cash but may hike his pay [View All]

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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-23-09 12:21 AM
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New rules cost GM's Henderson cash but may hike his pay
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Source: Detroit Free Press

Under new pay restrictions for companies that received federal assistance, General Motors Co. CEO Fritz Henderson will get less cash but may see an overall larger pay package.

Hendersons total compensation package will increase to about $5.5 million under terms of the pay plan, a person familiar with the documents said.

Hendersons cash salary, which was $1.26 million, is being decreased by 25% to $950,000. He will receive stock and restricted stock in GM valued at about $4.2 million.

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:wtf: :shrug:
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  -New rules cost GM's Henderson cash but may hike his pay Romulox  Oct-23-09 12:21 AM   #0 
  - Damn  notesdev   Oct-23-09 12:26 AM   #1 
  - LOL. Have to agree with you that a dart-throwing monkey would be an upgrade.  SPedigrees   Oct-23-09 12:38 AM   #3 
  - Part of Obama's plan is to replace the TARP Execs' pay with stock  SPedigrees   Oct-23-09 12:35 AM   #2 
  - How can there be any privately owned value  notesdev   Oct-23-09 12:46 AM   #4 
  - It IS hard to fathom. nt  SPedigrees   Oct-23-09 01:11 AM   #5 
  - GM products are already good  blue_onyx   Oct-23-09 10:43 AM   #12 
     - The Lacrosse looks like an "out of the park" hit...  Romulox   Oct-23-09 10:53 AM   #13 
        - Yep  blue_onyx   Oct-23-09 11:02 AM   #16 
  - I think people would prefer not to deal with this, but it's not going away...  Romulox   Oct-23-09 10:23 AM   #6 
  - Its a shell game....  WriteDown   Oct-23-09 10:25 AM   #7 
  - Who did the Obama admin think this would fool?  Romulox   Oct-23-09 10:28 AM   #8 
     - Pretty much everyone..  WriteDown   Oct-23-09 10:29 AM   #9 
        - Right, but just because the Chrisitian Soldiers will ignore it doesn't mean the press will.  Romulox   Oct-23-09 10:32 AM   #10 
           - It will be interesting to see if anyone actually takes note....  WriteDown   Oct-23-09 10:34 AM   #11 
              - What makes you think nobody will buy GMs?  blue_onyx   Oct-23-09 11:00 AM   #14 
                 - As a Detroiter, I think we lose perspective, and think that people are knowledgeable about cars  Romulox   Oct-23-09 11:06 AM   #17 
                 - You'd think that but...  WriteDown   Oct-23-09 11:10 AM   #19 
                 - Agreed, but it seems like one hit product can really change the game  Romulox   Oct-23-09 11:19 AM   #22 
                    - Yes, it just takes one product  blue_onyx   Oct-23-09 11:31 AM   #24 
                 - Hey man - no raggin' on my gente-wagen! n/t  Lance_Boyle   Oct-23-09 11:15 AM   #20 
                 - Not that I think I'm super knowledgeable  blue_onyx   Oct-23-09 11:18 AM   #21 
                 - Honestly...  WriteDown   Oct-23-09 11:09 AM   #18 
                    - Most of those people  blue_onyx   Oct-23-09 11:21 AM   #23 
  - Fritz Henderson was GM's Chief Financial Officer (CFO) from 2006 to GM's collapse, btw.  Romulox   Oct-23-09 11:02 AM   #15 

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