Everything posted by Oracle of Delphi
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New General Motors CEO Fritz Henderson won't cut his salary to $1
I agree with you, it's all about public perception, and right now the American public wants the DEATH of the American Manufacturers 75%-25% ...
- Geo Camino
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GM updates Arabian-market Chevrolet Caprice
Not by much ...
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HAPPY BIRTHDAY OCNBLU!!!!
In honor of your birthday BMW held special Wrestling Games just for you ... Here is a picture of what you missed ...
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GM's RWD architecture will downsize and survive
They only do the opposite when it concerns going to RWD or your desires ...
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GM's RWD architecture will downsize and survive
Let me refresh your memory ... Link: http://www.goauto.com.au/mellor/mellor.nsf...A25753D0016D9D3
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About my sig
That's not a German accent Croc is practicing, it's his Californian Zsa Zsa Gabor accent. You know, because he's sooooooooooooo Californian, Darlink ... :rotflmao:
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New General Motors CEO Fritz Henderson won't cut his salary to $1
General Motors Corp.'s new chief executive said Tuesday that he will not reduce his salary to $1 a year like his ousted predecessor, Rick Wagoner. Fritz Henderson, GM's former chief operating officer, said at a news conference that his pay will remain unchanged now that he is head of the troubled automaker. His base salary as COO was cut 30 percent to about $1.3 million this year when GM accepted government loans. Wagoner had agreed to accept a salary of $1 as part of the Detroit automaker's request for assistance. The company has been staying afloat because of the $13.4 billion GM has received since Dec. 31, and Wagoner stepped down as CEO on Monday as a condition for additional government aid. Although Henderson isn't taking a $1 salary, his compensation package in 2008 was significantly less than Wagoner's, regulatory filings show. In 2008, Henderson received compensation valued at about $8.7 million. That included a base salary of about $1.7 million, stock options and restricted stock that the company valued at $6.6 million when it was granted. He also received $349,000 in other compensation, including $105,000 in security services. However, the stock awards Henderson received were only worth about $487,000 at the end of 2008, due to the dramatic decline of GM's share price, and the options to buy 1 million GM shares have little value unless the stock price rebounds. Wagoner took home a compensation package valued at $14.9 million in 2008. That pay package is also worth a fraction of its stated value, though, due the decline in GM shares. Shares of GM plunged 76 cents, or 28 percent, to $1.94 on Thursday. The shares were trading around $40 in late 2007. Henderson took the reins at GM on Monday as President Barack Obama announced that the automaker's restructuring plans didn't go far enough. The White House gave the automaker 60 days to get concessions from its union and creditors before it would receive more aid to help it survive. GM is seeking up to $16.6 billion in additional loans. Henderson said Monday that the automaker could close more plants and offer another round of buyouts to workers, and it was more likely to file for bankruptcy as it seeks to restructure. Link: http://www.mlive.com/auto/index.ssf/2009/0...eo_fritz_h.html
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Found a neat one for sale...who's into
I agree with you on that, I also do not care much for the angular back window ...
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The Fritz Signature
Not CPF, that is German Economics Minister Karl-Theodor zu Guttenberg ...
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The Fritz Signature
GM is on the Fritz .... He's not short, he's just fat for his height ...
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Word Association
Vibrator
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About my sig
Oh I'm more than skeptical, don't stop playing POWERBALL ...
- About my sig
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GM's RWD architecture will downsize and survive
With the U.S. Government running GM now, you'll be lucky if they let any division keep a V6 let alone a V8 ...
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About my sig
I hope you both have lots of money ...
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GM's RWD architecture will downsize and survive
Not going to happen, GM has already said the G8 Zeta is dead in North America after this current generation, so dream on ... Not so much jumping ship as locking in my 20 year pension under GME EU rules. Now lets see if GM even survives before we go off on a pipe dream, shall we ???
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REPORT: Cadillac pulling out of half of Europe
You know I was wavering back and forth, which is very unlike me, so I took a Leap of Faith ...
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Word Association
Easter Bunny
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Uggggggg
Well at least you don't work for the Post Office, their employees have killed more people than the CIA ...
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Found a neat one for sale...who's into
God I hate that dash, and always did ...
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Happy April Fools Day!
Why are you picking on the Germans and BMW? Hmmmmmm?
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Say Hello to BMW's Newest Employee
Thanks Pedro, you've known I had this option open to me for quite a while, I'm just glad BMW was willing to wait for me to get my 20 years locked in.
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Obama Orders Chevrolet and Dodge Out Of NASCAR
I think so too ... :AH-HA_wink:
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Obama Orders Chevrolet and Dodge Out Of NASCAR
She is in Delaware and has been for a while now ...