DETROIT | Fri Apr 25, 2008 5:47pm EDT
DETROIT (Reuters) - General Motors Corp GM.N Chief Executive Rick Wagoner's salary and other compensation rose 64 percent in 2007 to about $15.7 million, mainly due to option grants, according to a proxy filed on Friday.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
If we're going to bash pay, don't leave out the management. Where was the board of directors when this 64% went down?
Ah let's just say they were not looking after the stock holders or bond holders.
GM Stock price in 4/07 ~$30.00/share, today ~$0.43/share.
Now who got the short end of this deal, the employees - union or management - or the investors/owners?
