Fritz Henderson

Former General Motors CEO Frederick "Fritz " Henderson has found a new job, but not within the auto industry. Energy giant Sunoco has tapped Henderson to lead SunCoke Energy, a spin-off it is forming early next year, the company said Thursday.

Remember General Motors? Taxpayers own 60% of this former world leader in cars, trucks and the like. Back in the 1950s, GM controlled half the market, but by the time it filed for bankruptcy in June 2009, that share collapsed to 19.5%. And between 2000 and 2009, GM's board kept on supporting CEO...

Americans can be excused for thinking that executives at the seven companies receiving TARP bailout funds would see a pay cut this year, following yesterday's news that the U.S. Treasury's pay czar would slash executive compensation by as much as 90 percent starting next month. But at least one...

Tomorrow, it's likely that the new GM will be born. And word has it that it's going to fire 450 managers and change its corporate color from blue to green. I am not sure whether other people buy cars based on the color of the corporate logo or even the number of managers the company employs -- but...

The bankruptcy of General Motors Corp. (GM) is almost as inevitable as the sun rising or the New York Mets collapsing in September. GM is going beyond an earlier plan to slash debt by 46 percent and axe 47,000 jobs this year. The company has little choice but to consider more draconian measures...

General Motors Corp. (GM), whose restructuring plan was rejected March 30 by President Barack Obama, is speeding up preparations for a bankruptcy filing, according to Bloomberg News. The company is focusing on forming a new company from the automaker's best assets, people familiar with the matter...