BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Help wanted: Search for General Motors CEO continues]]>http://www.bloggingstocks.com/2009/12/15/help-wanted-search-for-general-motors-ceo-continues/http://www.bloggingstocks.com/2009/12/15/help-wanted-search-for-general-motors-ceo-continues/http://www.bloggingstocks.com/2009/12/15/help-wanted-search-for-general-motors-ceo-continues/#commentsFiled under: ,

General Motors Co. Chairman Ed Whitacre told reporters Tuesday he doesn't intend to remain in the chief executive post indefinitely.

The search for a new CEO has been underway for about a week, but so far there are no candidates, Whitacre said. He's open to candidates of all backgrounds, whether a company insider or a seasoned executive from elsewhere, with or without auto industry experience. But he'd also like the next CEO to be a inspirational and motivating leader who can restore GM to former icon status.

Continue reading Help wanted: Search for General Motors CEO continues

Help wanted: Search for General Motors CEO continues originally appeared on BloggingStocks on Tue, 15 Dec 2009 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Ed WhitacreFritz HendersonGeneral MotorsGMinthenewsmanagementTue, 15 Dec 2009 13:40:00 EST<![CDATA[Why was Fritz Henderson made CEO in the first place?]]>http://www.bloggingstocks.com/2009/12/02/why-was-fritz-henderson-made-ceo-in-the-first-place/http://www.bloggingstocks.com/2009/12/02/why-was-fritz-henderson-made-ceo-in-the-first-place/http://www.bloggingstocks.com/2009/12/02/why-was-fritz-henderson-made-ceo-in-the-first-place/#commentsFiled under:

The announcement of General Motors CEO Fritz Henderson was surprising to most observers -- he'd only been in power since March and by most accounts, had been making progress in executing a turnaround.

What went wrong? The New York Times reports that "if G.M. was to truly reinvent itself - as the company promised in commercials after a government bailout helped it emerge from bankruptcy - the board decided that the 25-year veteran of G.M. was too tied to the company's past mistakes to bring a fresh approach that could help reverse its decades-long slide."

Continue reading Why was Fritz Henderson made CEO in the first place?

Why was Fritz Henderson made CEO in the first place? originally appeared on BloggingStocks on Wed, 02 Dec 2009 14:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Fritz HendersonFritzHendersonGeneral MotorsGeneralMotorsGMinthenewsWed, 02 Dec 2009 14:00:00 EST<![CDATA[GM executives have their pay cut by the government]]>http://www.bloggingstocks.com/2009/10/23/gm-executives-have-their-pay-cut-by-the-government/http://www.bloggingstocks.com/2009/10/23/gm-executives-have-their-pay-cut-by-the-government/http://www.bloggingstocks.com/2009/10/23/gm-executives-have-their-pay-cut-by-the-government/#commentsFiled under: ,

The five most senior General Motors (NYSE: GRM) executives, along with the 20 next highest-paid employees, are going to see their cash compensation fall $3.9 million (31%) on a year-over-year basis.

The decision was made by the "independent master" that was appointed to set pay and stock levels for those in charge of companies that have received a majority of the funding from the federal government. GM is not on its own, as top execs at GMAC (the company's financing arm) and Chrysler will see their compensation cut as well.

Continue reading GM executives have their pay cut by the government

GM executives have their pay cut by the government originally appeared on BloggingStocks on Fri, 23 Oct 2009 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chryslerexecutive payfeaturedFritz Hendersongeneral motorsGMGMACinthenewspay czarpay regulationFri, 23 Oct 2009 11:30:00 EST<![CDATA[GM can't find a new CFO who will work for peanuts]]>http://www.bloggingstocks.com/2009/10/19/gm-cant-find-a-new-cfo-who-will-work-for-peanuts/http://www.bloggingstocks.com/2009/10/19/gm-cant-find-a-new-cfo-who-will-work-for-peanuts/http://www.bloggingstocks.com/2009/10/19/gm-cant-find-a-new-cfo-who-will-work-for-peanuts/#commentsFiled under:

The Wall Street Journal reports (subscription required) that "General Motors Co.'s search for an outsider to replace its chief financial officer is being complicated by the pay restrictions the Treasury Department is imposing on companies that received large bailouts from the federal government, according to people familiar with the matter."

GM is expected to be able to offer its CFO a pay package consisting of a significant amount of stock (Hah!) but a salary of only about $1 million per year -- not much for a company of GM's size and problems. Plus, ya gotta live in Detroit and work with Fritz Henderson.

Continue reading GM can't find a new CFO who will work for peanuts

GM can't find a new CFO who will work for peanuts originally appeared on BloggingStocks on Mon, 19 Oct 2009 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>executive compensationfeaturedFritz HendersonGeneral MotorsGMinthenewsMon, 19 Oct 2009 11:30:00 EST<![CDATA[GM's Henderson: The Chevy Volt will get 230 miles per gallon]]>http://www.bloggingstocks.com/2009/08/11/gms-henderson-the-chevy-volt-will-get-230-miles-per-gallon/http://www.bloggingstocks.com/2009/08/11/gms-henderson-the-chevy-volt-will-get-230-miles-per-gallon/http://www.bloggingstocks.com/2009/08/11/gms-henderson-the-chevy-volt-will-get-230-miles-per-gallon/#commentsFiled under: , ,

Now that the "new GM" has risen, some of the old ideas are starting to resurface in the media. One of the freshest ideas is here again, coming off the lips of GM CEO Fritz Henderson.

The Chevy Volt, GM's all-electric passenger car slated to hits the streets sometime in 2011, will get "230 miles per gallon" according to the automaker's CEO. That's great -- but why mention the MPG figure for an electric car?

Continue reading GM's Henderson: The Chevy Volt will get 230 miles per gallon

GM's Henderson: The Chevy Volt will get 230 miles per gallon originally appeared on BloggingStocks on Tue, 11 Aug 2009 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chevy VoltfeaturedFritz HendersonGeneral MotorsGMGM VoltinthenewsTMToyota PriusTue, 11 Aug 2009 11:30:00 EST<![CDATA[Car czar says we'll sell our GM stake soon -- yeah, OK]]>http://www.bloggingstocks.com/2009/07/28/car-czar-says-well-sell-our-gm-stake-soon-yeah-ok/http://www.bloggingstocks.com/2009/07/28/car-czar-says-well-sell-our-gm-stake-soon-yeah-ok/http://www.bloggingstocks.com/2009/07/28/car-czar-says-well-sell-our-gm-stake-soon-yeah-ok/#commentsFiled under: ,

Speaking to a congressionally-appointed panel in Detroit, car czar Ron Bloom said that the U.S. government does not want to run the operations of General Motors, and reiterated his belief that we will sell our stake in General Motors as soon as possible.

Meanwhile, CEO Fritz Henderson said that he plans to repay the government's loan within six years and would like to take the company public again in 2010. However, given that more than 80% of the original loan to GM has been converted into equity, repaying the loan is really not an impressive accomplishment -- and even that might not even be possible.

Continue reading Car czar says we'll sell our GM stake soon -- yeah, OK

Car czar says we'll sell our GM stake soon -- yeah, OK originally appeared on BloggingStocks on Tue, 28 Jul 2009 10:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Car CzarFritz HendersonGeneral MotorsGMinthenewsPeter CohanRon BloomTue, 28 Jul 2009 10:40:00 EST<![CDATA[WSJ gives GM more generous coverage]]>http://www.bloggingstocks.com/2009/07/21/wsj-gives-gm-more-generous-coverage/http://www.bloggingstocks.com/2009/07/21/wsj-gives-gm-more-generous-coverage/http://www.bloggingstocks.com/2009/07/21/wsj-gives-gm-more-generous-coverage/#commentsFiled under:

UPDATE: This post inadvertently linked to a "Tell Fritz" website that is NOT the official site and is not connected with GM. For the real Tell Fritz feature, check out GMReinvention.com.

General Motors CEO Fritz Henderson and his PR corps have managed to drum up quite a bit of press for his allegedly new, more transparent, consumer-friendly approach to running a car company. The Wall Street Journal reports (subscription required) that "Mr. Henderson is planning various ways to remain the face of GM's turnaround effort, including a consistent string of media interviews and monthly national road shows starting in August, during which he plans to meet with dealers and interact with customers."

Tell Fritz is a new Twitter-like blog format where consumers can interact with the top man at GM. Someone hysterically, it's even equipped with Google Ads for companies like Fritz Hansen Furniture and Fritz the Schnauzer -- Multiple streams of income, here GM comes!

Continue reading WSJ gives GM more generous coverage

WSJ gives GM more generous coverage originally appeared on BloggingStocks on Tue, 21 Jul 2009 14:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Fritz HendersonFritzHendersonGeneral MotorsGeneralMotorsGMTue, 21 Jul 2009 14:40:00 EST<![CDATA[New GM CEO won't cut his salary to $1]]>http://www.bloggingstocks.com/2009/03/31/new-gm-ceo-wont-cut-his-salary-to-1/http://www.bloggingstocks.com/2009/03/31/new-gm-ceo-wont-cut-his-salary-to-1/http://www.bloggingstocks.com/2009/03/31/new-gm-ceo-wont-cut-his-salary-to-1/#commentsFiled under:

Fritz Henderson has only been the CEO of General Motors Corporation (NYSE: GM) for a day, but it's already time to declare him a rapacious swamp sow, unwilling to make even token sacrifices to save the company that has been his ample salary since 1984.

The Associated Press reports that "Fritz Henderson said at a news conference Tuesday that his pay will remain unchanged now that he is head of the troubled automaker. His base salary as chief operating officer was cut 30 percent to about $1.3 million this year when GM accepted government loans."

Continue reading New GM CEO won't cut his salary to $1

New GM CEO won't cut his salary to $1 originally appeared on BloggingStocks on Tue, 31 Mar 2009 17:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Fritz HendersonFritzHendersonGeneral MotorsGeneralMotorsGMTue, 31 Mar 2009 17:30:00 EST<![CDATA[General Motors going on a diet]]>http://www.bloggingstocks.com/2009/01/12/general-motors-going-on-a-diet/http://www.bloggingstocks.com/2009/01/12/general-motors-going-on-a-diet/http://www.bloggingstocks.com/2009/01/12/general-motors-going-on-a-diet/#commentsFiled under: ,

General Motors Corp. (NYSE: GM), flush with $13.4 billion in federal bailout cash, is going on a diet.

Media reports indicate that the beleaguered automaker is going to focus on four core brands in North America: Buick, Chevrolet, Cadillac and GMC. Chief Executive Rick Wagoner told Bloomberg News that the company may retain Saturn, though the once-cutting edge brand's future remains cloudy.

Meanwhile, Chief Operating Officer Fritz Henderson said the company's "worst case scenario" indicates that it will need need more than the bailout money it has already received. Oy vey. That's not a good sign.

If there is to be a turnaround at GM -- and I realize that's a big if -- the automaker has to dispose of Saturn. Remember how GM trumpeted Saturn as a different kind of car company? It never quite worked out that way. I always found Saturns to be underpowered and ugly. Maybe one of the big European or Japanese car companies will purchase the division for the right price.

Continue reading General Motors going on a diet

General Motors going on a diet originally appeared on BloggingStocks on Mon, 12 Jan 2009 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>buickcadillacchevroletfritz hendersonFritzHendersongmgmcpontiac aztekPontiacAztekMon, 12 Jan 2009 16:30:00 EST<![CDATA[General Motors profits again!]]>http://www.bloggingstocks.com/2007/07/31/general-motors-profits-again/http://www.bloggingstocks.com/2007/07/31/general-motors-profits-again/http://www.bloggingstocks.com/2007/07/31/general-motors-profits-again/#commentsFiled under: , , , ,

General Motors (NYSE: GM) today posted better-than-expected second quarter earnings. In this most recent chapter in this comeback story, General Motors earned $2.48 per share on an adjusted basis. Analysts had been expecting earnings of $1.13. This is the company's third straight profitable quarter.

The strong numbers are not going unrewarded so far in the premarket. Early morning traders have pushed the stock up 6.0% in premarket trading with around another 30 minutes to go before the opening bell.

What a difference a year makes. I can remember seeing the writing on the wall of a complete collapse this time last year when the company threw up horrible 2006 second quarter numbers. Last year, when the company showed a loss of $3.4 billion, there were lots of questions floating around Wall Street as to whether or not the company was going to be able to pull itself back out of the hole it had dug for itself.

Well ... today is another big step in the right direction, but there is still work to be done in Detroit.

Continue reading General Motors profits again!

General Motors profits again! originally appeared on BloggingStocks on Tue, 31 Jul 2007 09:35:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>featuredFritz HendersonFritzHendersongeneral motorsGeneralMotorsgmGM turnaroundGmTurnaroundTue, 31 Jul 2007 09:35:00 EST