GM CEO 2010 Compensation $2.5 Million

DETROIT (WWJ) – Not bad for four months’ work. The Associated Press reports that General Motors CEO Dan Akerson, who took over September first, was compensated to the tune of $2.5 million in 2010.

Akerson, who is 62, received a salary of $566,000, stock valued at $1.77 million, plus other compensation.

The Associated Press calculation is based on a GM filing with the Securities and Exchange Commission.

Comments

One Comment

  1. Darby says:

    Wow! Is that what a government EFO makes these days? Helping or hurting? Who will be the next government plant? They seem to be lining up, not unlike the virtual line at the unemployment office. I remember when those lines were not virtual, extending for blocks, literally. I guess we really do need computers.

  2. Grove Sandrock says:

    After losing about $10,000 in stock in the “old GM”, I will not invest in the new GM with this kind of news. Also, I think I will now be buying Fords, after 35 years of buying GM products. Good bye GM!

    GM has not learned anything from its recent history, but I have.

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