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    Doesn't the government own GM?....

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    mobileusa

    Number of posts : 564
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    Registration date : 2009-01-30

    Doesn't the government own GM?....

    Post  mobileusa on March 2nd 2010, 12:00 am

    General Motors' Chief Executive Edward Whitacre will get a compensation package valued at $9 million, including $1.7 million in salary, according to a regulatory filing.
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    mobileusa

    Number of posts : 564
    Thanked by peers : 12
    Registration date : 2009-01-30

    Re: Doesn't the government own GM?....

    Post  mobileusa on March 2nd 2010, 12:13 am

    He will receive $5.3 million in stock beginning in 2012 and $2 million in restricted stock. It is a rich package by any standard, and is particularly generous for a man who has never been in the car industry.

    Former GM CEO Fritz Herderson will receive $59,090 in consulting fees this year, it was also disclosed. He will advise Whitacre on international operations.

    The new GM CEO was appointed by Obama, who told us all that times are hard and we have to sacrifice a little.....poor guy....

    ch46eseaknight

    Number of posts : 106
    Age : 39
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    Registration date : 2009-02-27

    Re: Doesn't the government own GM?....

    Post  ch46eseaknight on March 2nd 2010, 2:19 pm

    GM aka Government Motors ???? Shocked

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    Re: Doesn't the government own GM?....

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