I have just checked in the venerable book
Fokker - The Man and the Aircraft (Harleyford/Harborough, 1961), which states the following:
"Irrespective of the Fokker crash and the Byrd clash, a rupture between General Motors and Fokker was unavoidable, because profitable cooperation no longer existed. Both sides realized that they had made mistakes. Matters reached a head. One day it was rumoured that Fokker was to withdraw from the technical lead of his American enterprise; but this he emphatically denied. However, next day, July 10th, 1931, discussions by the Board of the General Aviation Corporation decided the fate of the company.
It was a stormy meeting. Nevertheless, General Motors had a placid announcement prepared that Fokker had retired as 'Director of Engineering' and that the conference had proceeded in harmony. In fact it was a verbal fight with vital issues at stake. General Motors did not easily give up a name, they used Buick, Chevrolet, Olds, etc., and Fokker, a famous name in aviation, was the only name in aviation they could exercise. On the other hand, they were adamant that Fokker himself would have to go. Fokker, realising this, was out to get the maximum of concessions and his attorney, Wallace Zachry, represented him well. As a result, he retained entitlement to his pay of $50,000 per year for the five-year contract period and also obtained unrestricted right to use his trade-name Fokker. On the debit side he lost the physical assets of his company."