GM Pitches This Executive Compensation Package To Shareholders

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

General Motors (NYSE:GM) has proposed compensating CEO Dan Akerson $11.1 million this year, as a part of an $82 million executive compensation plan spread out over 25 top officials in the company. Other names were omitted from the document obtained by Bloombergbut it does show that Akerson is the highest-compensated individual in the company.

These stocks are hitting our Profit Targets. Click here now to discover winning stocks!

Dan Akerson

Last year, Akerson made $7.7 million in compensation, although the company had requested $9 million.

Many companies that participated in the Troubled Asset Relief Program (TARP) were subject to federal rulings for compensation. A handful of companies including Bank of America (NYSE:BAC), Chrysler Group, Citigroup (NYSE:C) and AIG (NYSE:AIG) have all since left the program, and are therefore are no longer under the ruling by the treasury. GM, however, still participates in TARP.

More Articles About:

To contact the reporter on this story: To contact the editor responsible for this story:

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business