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Thread: GM proposes to pay CEO $11.1 million in '13

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    GM proposes to pay CEO $11.1 million in '13

    GM proposes to pay CEO $11.1 million in '13 | The Detroit News | detroitnews.com

    Washington General Motors Co. wants to pay its chief executive $11.1 million in total compensation this year an increase of more than 20 percent over 2012 - and offer raises to most of its highest paid executives, according to a document turned over to Congress.

    The Detroit automaker, which received a $49.5 billion bailout in 2008 and 2009, must get approval for the pay packages for its top 25 executives from the Treasury Department, as a condition of its government bailout.

    According to a copy of the proposal obtained by The Detroit News from a source familiar with the documents, GM is proposing raises for 18 of its top 25 executives for 2013, with each of those making at least $1.8 million.

    CEO Dan Akerson didn't get a raise last year, but received a $9 million pay package, including a $1.7 million cash salary. He makes far less than the CEOs of Ford Motor Co., Chrysler Group LLC and Volkswagen AG, all of whom earned more than $20 million last year. In a 2011 interview, Akerson confirmed he gave up "more than" $100 million in 2010 to run GM when he left Carlyle Group.
    Thoughts? With possible losses of bailout payback, should GM CEO get this big raise.
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    Re: GM proposes to pay CEO $11.1 million in '13

    Quote Originally Posted by American View Post
    GM proposes to pay CEO $11.1 million in '13 | The Detroit News | detroitnews.com


    Thoughts? With possible losses of bailout payback, should GM CEO get this big raise.
    should GM CEO get this big raise
    NO

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    Re: GM proposes to pay CEO $11.1 million in '13

    Quote Originally Posted by American View Post
    Should GM CEO get this big raise.
    Why are you engaging in class warfare?

    Must be that liberal jealousy.

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    Re: GM proposes to pay CEO $11.1 million in '13

    A friend of mine is Ford management. He was telling me GM is busting a gut trying to pay off the US, so management can give themselves megabonuses. I think management is as big a problem as any in US buisness today.
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    Re: GM proposes to pay CEO $11.1 million in '13

    imo, some pay levels are out of wack and its not just what some CEO's make. In this GM making 11 mill seems to be in line or less than other CEO's of other large companies.

    That said, I never understood why a actor gets millions for a movie, or an athete gets paid millions to play a game. People get what they can get.

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    Re: GM proposes to pay CEO $11.1 million in '13

    The CEO should get paid whatever the company decides to pay him.

    The American people also shouldn't have to bail them out when their ridiculous monetary practices fail them.
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    Re: GM proposes to pay CEO $11.1 million in '13

    Quote Originally Posted by American View Post
    GM proposes to pay CEO $11.1 million in '13 | The Detroit News | detroitnews.com


    Thoughts? With possible losses of bailout payback, should GM CEO get this big raise.
    of course. he's a CEO.

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    Re: GM proposes to pay CEO $11.1 million in '13

    Not only shouldn't the CEO be making that kind of money until their debt to our citizens is paid off, the workers shouldn't be getting the $7000 bonuses they're getting either. Ridiculous!

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    Re: GM proposes to pay CEO $11.1 million in '13

    Quote Originally Posted by JC Callender View Post
    Not only shouldn't the CEO be making that kind of money until their debt to our citizens is paid off, the workers shouldn't be getting the $7000 bonuses they're getting either. Ridiculous!
    How much should they get?
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    Re: GM proposes to pay CEO $11.1 million in '13

    The workers should get no bonus and the CEO shouldn't make over $100,000 until the debt is paid off. GM should guarantee the CEO a huge bonus once the debt is paid off, the sooner it's paid off, the bigger the bonus.

    Quote Originally Posted by Lord Tammerlain View Post
    How much should they get?

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