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

April 7th, 2009 · No 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.

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