GM proposes to pay CEO $11.1 million in '13 From The Detroit News: http://www.detroitnews.com/article/20130225/AUTO0103/302250430#ixzz2M0ldJBWG
2013-02-26 — detroitnews.com
General Motors Co. wants to pay its chief executive $11.1 million in total compensation this year -- an increase of more than 20 percent over 2012-- and offer raises to most of its highest paid executives, according to a document turned over to Congress.
The Detroit automaker, which received a $49.5 billion bailout in 2008 and 2009, must get approval for the pay packages for its top 25 executives from the Treasury Department, as a condition of its government bailout.
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.