GM CEO Takes $9 Mil Pay-Package
General Motors Co. Chief Executive Daniel Akerson will receive an annual pay package totaling $9 million, In a statement said Friday with the Securities and Exchange Commission. Akerson will get a base salary of $1.7 million, $5.3 million under GM’s salary stock plan, and $2 million in restricted stock under the company’s long-term incentive plan. Edward Whitacre, the former CEO as of last month who will remain as the chairman until the end of the year, will receive $300,000 in director and chairman fees.
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