Tech & Biz

Job Doesn’t Require GM CEO to Earn a Profit?

by BMCWrites | April 7, 2009 at 12:55 pm

94 views | 14 Recommendations | 2 comments

One year after I offered to save Ford Motor Company $27.5 million by accepting an annual salary of $2 million in exchange for serving as the company's CEO, I realized I should have made the offer to serve as the boss at General Motors instead.

New GM CEO Fritz Henderson is quoted in an autobloggreen report today as saying that the money-losing Chevy Volt will stay alive even if it can't "pay the rent." That sounds like the kind of no-profit-required approach I could apply to the car business.

With no experience as an auto industry executive and a few billion federal bailout bucks to cushion the blow, I'm certain I could do as well as Henderson -- and I could do it in exchange for a much smaller compensation package.

-- Bob McCarty Writes

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dfndr13

at 18:04 on April 7th, 2009

Sure would be nice if the Boards pulled their heads from that warm, dark, smelly place and decided to make the CEO position a performance based position. Otherwise they'd be silly not to take you up on your offer. Maybe you should take to the President, there may be some more openings at the CEO level soon.

Soyunangel

at 18:28 on April 7th, 2009

The issue is that the club can't afford to take away the CEO jobs of their members: that's why they even get retention bonuses! And sorry Bob, neither you nor I are members of the club...