Category Archives: FritzHenderson

Report: Former GM CEO Fritz Henderson to lead Sunoco spinoff

Posted on by
Reply

Filed under: Hirings/Firings/Layoffs , GM If you’ve been wondering what former General Motors CEO Fritz Henderson has been up to since getting the boot, The Detroit News has the skinny for you. Henderson is now headed to Sunoco to fill in as the company’s senior vice president, at least for now. The company is currently planning to spin off its SunCoke Energy arm during the first half of 2011, and when that happens, Henderson will become the subsidiary’s chairman and CEO. SunCoke produces metallurgical coke used to manufacture steel.

Read the original post:
Report: Former GM CEO Fritz Henderson to lead Sunoco spinoff

Report: GM CEO could earn $9M per year, ex-CEO Henderson hired as $60k/month consultant

Posted on by
Reply

Filed under: Government/Legal , GM , Earnings/Financials Two different outlets are reporting two seemingly conflicting reports about pay at General Motors , but it’s clear regardless of the details that money is in motion at The General. Ed Whitacre, Jr., who doesn’t receive any pay as GM’s chairman, is waiting on approval from the Treasury pay czar for a $9 million “pay package” for his recent move to CEO . The pay has been “approved ‘in principle’,” but we aren’t sure when it’s going to be paid.

Read more:
Report: GM CEO could earn $9M per year, ex-CEO Henderson hired as $60k/month consultant

Buick-GMC general manager Michael Richards leaves after just nine days on the job

Posted on by
Reply

Filed under: Hirings/Firings/Layoffs , Buick , GM , GMC Nine days ago, we posted about Michael Richards getting Susan Docherty’s old post at General Motors , brand manager for Buick – GMC . Today, he walked away. According to The Detroit News , the official (yet still unofficial) reason is that Richards’ previous employer – Trinity Automotive in Austin, TX – made him a very strong counter offer. Though it seems to us that Trinity would have made the counter offer before Richards packed up and moved north, and we’ve also heard rumblings from Detroit insiders that there’s more to this story than meets the eye

See the original post here:
Buick-GMC general manager Michael Richards leaves after just nine days on the job

Mad Money host Jim Cramer calls Whitacre ‘assassin of the bad’

Posted on by
Reply

Filed under: Hirings/Firings/Layoffs We’ve spilled some ink about CNBC Mad Money host Jim Cramer before, the financial expert who – as The Daily Show pointed out – missed the whole Great Depression 2.0 thing. Of course, it’s not fair to single out Mr. Cramer, as 99 out of 100 economists thought credit default swaps based upon ill-conceived home loans to people with lousy credit was a sure-fired, long-term money-making bonanza. Regardless, Jim Cramer is very bullish on General Motors’ new interim CEO and former Southwestern Bell exec, Ed Whitacre.

See the article here:
Mad Money host Jim Cramer calls Whitacre ‘assassin of the bad’