New GM CEO Akerson To Receive $9M Pay Package

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GM’s new CEO Dan Akerson’s compensation package for the next 3 years has just been filed with the SEC.  It outlines a total of $9 million dollars to be paid through a combination of salary and stock options.

Mr. Akerson is replacing Ed Whitacre who has led General Motors through bankruptcy and the subsequent bailout from the government.  Whitacre will be paid a salary of $300,000 dollars for the remainder of 2010.

source: leftlanenews

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