Some Springboro parents fear diversionary tactics are happening…
General Motors Co. CEO Dan Akerson, Oct. 28, 2010
Advertisement
GM CEO gets $7.7m pay package for 2011
Automaker posted biggest profit in its history
Updated: Monday, 30 Apr 2012, 8:17 AM EDT
Published : Monday, 30 Apr 2012, 8:16 AM EDT
DETROIT (AP) - General Motors CEO Dan Akerson's compensation tripled in 2011 to $7.7 million, as the company posted the biggest profit in its history.
GM made $7.6 billion last year on strong sales in North America and Asia.
The company reported Akerson's pay on Thursday in its annual proxy filing with the federal government. Last year was his first full year as CEO. He also is chairman.
Akerson earned $1.7 million in salary, up from $566.667 in 2010. He got stock awards valued at $5.95 million.
Akerson also got $55,000 in other benefits including use of company cars and contributions to savings accounts.
Pay at GM is controlled by the U.S. Treasury Department since the government still owns about 30 percent of GM's stock.
 | With WDTN.com's new commenting system you don't need to register. You can login with an existing Facebook, Yahoo!, Google, or Twitter account and more. |
Email This
Print This
View Story on a Single Page
Advertisement
Mugshot Gallery
The following people have recently been booked into Jail. They may not have been convicted of the crimes they are charged with and are innocent until proven guilty.
Advertisement
Advertisement