Reply #20: I would give the CEO job to some Telecom buddy of Timmy Geithner, and pay him $9M of taxpayer [View All]

[Romulox]

while demanding deep cuts in workers' salaries.

GM CEO To Get $9M Pay Package

By Tom Krisher, AP Auto Writer

Manufacturing.Net - September 10, 2010



DETROIT (AP) -- New General Motors Co. CEO Daniel Akerson will get the same $9 million pay package as the man he replaced, Ed Whitacre.

Akerson, a former telecommunications industry and private equity executive, will receive $1.7 million in annual salary, $5.3 million in short-term stock payable over the next three years, and another $2 million in stock that's part of the company's long-term executive compensation plan.

The automaker, which is 60.8 percent owned by the U.S. government, disclosed the pay package in a filing on Friday with the U.S. Securities and Exchange Commission. It is identical to what the company disclosed for Whitacre in February.


http://www.manufacturing.net/News/2010/09/Automotive-GM-CEO-To-Get-9M-Pay-Package/?menuid=248