Was GM president paid to drive company into the ground and thus qualify for $52

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keith

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billion bailout? For many years as I watch the price of GM stock plummet why the president kept getting a higher salary instead of getting fired.

Now that GM ia about to get $52 billion from the government, I see that he earned his salary well. I wonder if he would have been paid a lot more if he'd managed to grind GM into dust in 5 years instead of 10.
 
honestly this question is so dumb it doesn't deserve an answer. are you being facetious?
 
DETROIT (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) Chief Executive Rick Wagoner's salary and other compensation rose 64 percent in 2007 to about $15.7 million, mainly due to option grants, according to a proxy filed on Friday.
The GM compensation committee cited significant progress over the past few years in reducing the automaker's health care cost burden, increasing growth internationally and improvements in its cars and trucks in the 2007 awards to executives.
Wagoner's compensation rose from about $9.57 million in 2006.
 
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