Find a Car
Go!

Fritz Henderson Loses $310,000, Calls It 'Fair'

Follow Richard

Fritz Henderson, GM CEO

Fritz Henderson, GM CEO

The Treasury Department made headlines last week when it announced that bigwigs at bailed-out companies would be taking some sizable pay cuts. From banks to auto companies, many of those affected by the plan have remained silent, but General Motors' Fritz Henderson has now admitted that it's the right thing to do: "tough", but ultimately "fair". Of course, he's one of the lucky ones who's managed to avoid the feds' $500,000 salary cap. In fact, even with the reduction, Fritz will still make $950,000 a year, which sounds slightly more than "fair" -- though losing $310,000 worth of salary is slightly more than "tough", too. [DetNews]

 
Follow Us

 

Have an opinion?

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
 

Have an opinion? Join the conversation!

Try My Showroom
Save cars, write notes, and comparison shop with hi-res photos.
Add your first car
Take Us With You!
   

 
© 2014 The Car Connection. All Rights Reserved. The Car Connection is published by High Gear Media. Stock photography by izmo, Inc. Send us feedback.