New GM CEO Akerson To Receive $9M Pay Package

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 […]

Auto industry executives poised for major payout

BY MARK KLEIS Due to the unique circumstances that placed automakers’ stocks at record lows in 2009, many auto executives are now set to receive substantial net payouts as a result of the drastic increase in stock values. Before the stock increase, many executives were working for substantially below-market wages, making the merit-based payout a […]

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