American Axle gives CEO $8.5 mln cash bonus

Newswire

DETROIT, June 27 (Reuters) - American Axle & Manufacturing Holdings Inc has paid Chief Executive Dick Dauch an $8.5 million cash bonus for his "leadership role" through an acrimonious three-month union strike that ended with a concessionary contract that slashed factory wages. American Axle, whose stock has fallen nearly 55 percent in 2008, disclosed the cash bonus, a 10 percent base pay increase for Dauch and additional stock and options awards in a filing late on Friday with the U.S. ...

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