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General Motors has hired former CEO Fritz Henderson to serve as an adviser to the company. He'll be paid $59,090 per month, or $709,080 annualized. Is there anywhere, other than perhaps The Surreal Life: Recession Edition, where Henderson could earn that much money?
In exchange for his $59,090, Mr. Henderson will work about 20 hours per month, according to the SEC filing announcing the hiring: $2,954.50 per hour.
"This is an agreement to provide consulting to the company on international operations, an area where Fritz has unrivaled expertise," GM spokesman Chris Preuss told Bloomberg.
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