New GM CEO's pay package worth $9 million
DETROIT – 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 Securities and Exchange Commission. It is identical to what the company disclosed for Whitacre in February.
http://news.yahoo.com/s/ap/20100910/ap_on_bi_ge/us_gm_ceo_pay_4
I guess Obama likes greedy CEO's also.
RadicalStudent - If you don't get it, then you never will!
DETROIT – 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 Securities and Exchange Commission. It is identical to what the company disclosed for Whitacre in February.
http://news.yahoo.com/s/ap/20100910/ap_on_bi_ge/us_gm_ceo_pay_4
I guess Obama likes greedy CEO's also.
RadicalStudent - If you don't get it, then you never will!