General Motors Co. CEO Ed Whitacre will receive a salary of $1.7 million this year, plus stock awards that will bring his total pay package to $9 million at a later date, the automaker said Friday.
In a surprise announcement, GM also said former CEO Fritz Henderson has been rehired as a consultant. Henderson, who was forced out of the job in December, will work 20 hours a month and will be paid $59,090 a month, the company said.
As a citizen of the United States of America, which is the majority shareholder in Government Motors, I would like to know why Mr. Whitacre will be receiving $9 million of my tax dollars.
– Posted with Stuffr! –
Sphere: Related Content
- Pingback: Progress!
- Beth Charette on Rates Are Going Through The RoofI agree with this because I saw state regulations ... »
- Josh on Easy vs. ParalyzedI think things are going to get much worse before ... »
- mmo on The Art Of The Debt Swaplol...zero accountability has led to this situatio... »
- Rose @ Noni Juice Goodness on Way To Go Home DepotThis news is sad. I think, President Obama should ... »
All original content is
copyright © 1997-2010,
The One And Only
Slobokan.
All other material and brand or product names are copyright and/or registered trademarks of their respective holders.
E-Mail sent to any kooksinsuits.com address, or the feedback address listed at the top of the page, may be considered for publication unless the recipient is expressly notified otherwise.
This weblog is licensed under a Creative Commons License.
copyright © 1997-2010,
The One And Only
Slobokan.
All other material and brand or product names are copyright and/or registered trademarks of their respective holders.
E-Mail sent to any kooksinsuits.com address, or the feedback address listed at the top of the page, may be considered for publication unless the recipient is expressly notified otherwise.
This weblog is licensed under a Creative Commons License.