Henderson: http://www.bloggingstocks.com/2010/02/20/59-090-per-month-for-20-hours-of-fritz-henderson/ There are lots of other references on this, but in essence, a GM division has gotten approval to hire the person the government removed from the CEO office, and not only use him as a consultant, but pay him $60k/mo for 20 hours per month of services. Forget the comparison to working class labor. When I worked in management consulting, the bill rate for a partner at a major management consulting firm was in the area of $700/hr. It's been a few years, but even if it's $1100-1200, isn't it kind of sad that the person you had to kick out of the company is being paid almost three times that much on an hourly basis? For what? One hopes the plan is that Henderson spends each of the 20 hours a month coming up with the best ideas he can, and then GM does anything but what he suggests. Up next, Whitacre, the AT&T-bred replacement, has gotten approval for a pay package worth $9M, including $1.7M in cash -- I'm missing the reference now, but I believe the cash package is almost twice the amount of cash Henderson received. http://online.wsj.com/article/BT-CO-20100219-713250.html?mod=WSJ_latestheadlines http://www.financialadvisory.com/ar...e-lands-9-million-in-pay-where-s-the-outrage/ Galling is this comment: Finally, closer to home for me, I used to work for Visteon, a spinoff of Ford that essentially consisted of an agglomeration of a few profitable and innovative supplier divisions of Ford with a bunch of crap that was no longer in any position to make money. Visteon went into bankruptcy some time after I left, and is nonetheless brazen in its attempts at providing high compensation to executives: http://www.freep.com/article/201002.../BUSINESS01/Judge-approves-Visteon-bonus-plan Questionable here is: Now I do understand that the excesses of the banking industry are far more egregious, I believe firmly that we need a domestic auto industry, and I think it's worth it to save GM (but not Chrysler). However... am I not right to be annoyed by the job the government is doing here? Has it become completely absurd that a company be asked to engage in any kind of common sense whatsoever?