$59,090 per Month for 20 Hours of Fritz Henderson

Filed under: Management, General Motors (GM)

General Motors has hired former CEO Fritz Henderson to serve as an adviser to the company. He'll be paid $59,090 per month, or $709,080 annualized. Is there anywhere, other than perhaps The Surreal Life: Recession Edition, where Henderson could earn that much money?

In exchange for his $59,090, Mr. Henderson will work about 20 hours per month, according to the SEC filing announcing the hiring: $2,954.50 per hour.

"This is an agreement to provide consulting to the company on international operations, an area where Fritz has unrivaled expertise," GM spokesman Chris Preuss told Bloomberg.

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$59,090 per Month for 20 Hours of Fritz Henderson originally appeared on BloggingStocks on Sat, 20 Feb 2010 14:40:00 EST. Please see our terms for use of feeds.

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