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Old 09-10-2010, 03:03 PM
 
Location: High Cotton
6,125 posts, read 7,459,029 times
Reputation: 3657

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GOVERNMENT MOTORS CEO GETS $9 MILLION PAY PACKAGE...THANKS BARACK!
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Old 09-10-2010, 03:12 PM
 
Location: .....
956 posts, read 1,112,144 times
Reputation: 607
I'm pretty sure President Obama was not the payroll officer responsible for his payment package. Blaming him for all the world's problems is getting really really old....
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Old 09-10-2010, 03:13 PM
 
8,263 posts, read 12,173,800 times
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Does he make substantially more than other companies of similar market cap?

I've got no idea, just asking so we don't do a completely mindless bashing session here.
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Old 09-10-2010, 03:14 PM
 
35,016 posts, read 39,082,216 times
Reputation: 6195
"$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."

So... whether $7.3M of it grows depends on GM's performance over the long term?
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Old 09-10-2010, 03:15 PM
 
5,915 posts, read 4,804,629 times
Reputation: 1398
Quote:
Originally Posted by africanboy View Post
I'm pretty sure President Obama was not the payroll officer responsible for his payment package. Blaming him for all the world's problems is getting really really old....
Where was his Pay Czar then?
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Old 09-10-2010, 03:16 PM
 
10 posts, read 9,305 times
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So much for the teabaggers argument that Obama was redistributing the wealth to the poor. Now we know the distribution is to the rich, which the teabaggers favor 100%. You got what you wanted, rejoice.
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Old 09-10-2010, 03:18 PM
 
8,263 posts, read 12,173,800 times
Reputation: 4800
According to this: 100 Highest Paid CEOs

He doesn't even make the top 100 list for CEOs, although I see the guy from Ford in there.
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Old 09-10-2010, 03:18 PM
 
35,016 posts, read 39,082,216 times
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GM CEO Rick Wagoner Scores $14.4m for ’07

"Thanks, Barack"
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Old 09-10-2010, 03:22 PM
 
Location: Wisconsin
37,950 posts, read 22,048,638 times
Reputation: 13761
"Akerson, GM's fourth CEO in less than two years, took over leadership of the company on Sept. 1"

Four CEOs in two years, did they all get around $9 million parachute?

Seems like a real peach of a deal, less then a years work, not selling cars, and he gets $9 million.
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Old 09-10-2010, 03:24 PM
 
29,981 posts, read 42,850,400 times
Reputation: 12828
Quote:
Originally Posted by slackjaw View Post
According to this: 100 Highest Paid CEOs

He doesn't even make the top 100 list for CEOs, although I see the guy from Ford in there.
Did Ford take a government bailout? NO.

IIRC Government Motors not only did but also lied about having repaid the taxpayer loan. They simply re-packaged their debt.

The taxpayer still owned most of General Motors; so, why aren't you angry and demanding disclosure from the SEC? Why did you sit by and allow your Democrat controlled Congress to pass financial reform that allowed the SEC to deny the citizens disclosure under the sunshine act?
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