| Wagoner gets a raise to what he made in 2003 |
| Author Views 52 Posted at 2008/3/7 21:46 [View In Forum] |
 After an abysmal 2005 where GM lost over $10 billion, CEO Rick Wagoner received a sizable pay cut from $2.2M to $1.28M. Yeah, we know, cry him freakin' river. The General's relative success of late, however, has convinced the board that Wagoner deserves to have his annual pay restored to the $2.2M he made from 2003-2005. While $2.2M is certainly a lot of coin, it's a drop in the bucket compared to what many CEOs are making these days. GM is making up for Wagoner's meager pay by bolstering his portfolio with 165,000 shares, 500,000 stock options, and 75,000 restricted shares. If GM hits some pre-determined goals, the CEO will also receive up to $3.53 million in cash, and if GM shares hit $40 a share by 2012, the Duke grad will get an additional 500,000 stock options. With Wagoner's background in finance, we're sure he knows that all adds up to a nice chunk of change. [Source: Automotive News, sub. req'd] Other languages: English| Español | Français| Deutsch| Русский| Português| Italiano| Polski| العرب| Українська Nederlands| Turkish| 한국어| 日本语| 简体| 繁體 the contents of this automatic machine translation we do not guarantee the accuracy, please visit the English original content. |
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