General Motors has announced that Chris Liddell (above left), the company's vice chairman and chief financial officer, is leaving the automaker. Liddell joined GM in January 2010 and was instrumental in guiding the manufacturer through its recent initial public offering. At this point, the reasons for Liddell's departure remain unclear.
It pays to be an executive for General Motors. Actually, scratch that... it will soon pay to be an executive with General Motors, assuming that the automaker's upcoming Initial Public Offering takes place according to plan. According to our friends at TheDetroitBureau.com, a dozen top officials at the company could be looking at a payday totaling as much as $13 million or more, depending on the value of GM stock after the IPO.
Chris Liddell, the Microsoft CFO who'll be leaving to to take the same position at GM next month, might not stop there. Observers have suggested that Liddell wants the chance to run his own company, and say they can't imagine a star at Microsoft would take a post at an "eroded pillar of an old economy" without the chance to move up to CEO.
In the search for an auto industry outside, General Motors has announced that Chris Liddell will become the automaker's vice chairman and CFO in 2010.