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'General Motors Co. CEO Ed Whitacre will receive a salary of $1.7 million this year, plus stock awards that will bring his total pay package to $9 million...'
'GM also said former CEO Fritz Henderson has been rehired as a consultant. Henderson, who was forced out of the job in December, will work 20 hours a month and will be paid $59,090 a month...'
'Whitacre's pay package exceeds the limits imposed on companies that have received U.S. government aid, but the an exemption was worked out with government pay czar Kenneth Feinberg, GM said.
New GM Chief Financial Officer Chris Liddell will get a salary of $750,000 next year. He'll get up to another $5.45 million in stock starting in 2012 if GM successfully sells shares to the public, the company said in December.
GM also is paying former Wall Street adviser Stephen Girsky $1.1 million a year in cash and company stock for his dual roles as board member and special adviser to Whitacre.'
We own 60% of this fiasco that continues to lose money and manage itself to the bottom of the heap...
Well ;we know what those ex-CEO from the american auto industry did to the big 3;bankrupt them basically.The CEO needs to manage the business not design cars and the engineers need to be guided by what the market wants and the future is.You are not going to get there by being a truck builder unless you want to downsize alot more than is planned.The specaiaity cars have to take a backseat really if you want to grow.
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