Construction Bids
Welcome, sign in or click here to subscribe.
DJC Subscriptions
Resource Center
DJC Services
Business
Subscriber content preview
March 1, 2010
Ex-CEOs come back as high-paid ‘advisers'
By RACHEL BECK
AP Business Writer
AP Business Writer
NEW YORK — Tough job market? Not for corporate honchos who snag cushy consulting deals at their former companies for $3,000 an hour.
That's what General Motors is paying Fritz Henderson — the same guy the struggling automaker ousted three months ago because he wasn't doing a good enough job turning around GM. The rap on him: He was too tied to GM's hidebound ways to fix GM quickly.
. . .
To read this story in full login or purchase a subscription.
Previous columns:
- All Business: Strong dollar can hurt U.S. recovery, 02-16-2010
- All Business: IPOs raise questions about this bull market, 02-08-2010
- All Business: Mortgage walkaways: OK for big guys, 02-01-2010
- All Business: Fannie, Freddie and the ‘myth of pay reform', 01-11-2010
- All Business: No consequences for borrowers who lied, 12-28-2009
- All Business: Failure to manage crisis puts Tiger's brand at risk, 12-14-2009
- All Business: Good news may be bad for bull market, 11-16-2009
- All Business: Pull back in recession? No, it's time to innovate, 10-26-2009