GM board keeps executive option grants unchanged

Newswire

DETROIT, Feb 24 (Reuters) - General Motors Corp. on Friday said it was maintaining stock option grants to senior executives at 2005 levels after slashing their salaries in what analysts read as a bid to win labor support for deeper cost cutting. GM Chief Executive and Chairman Rick Wagoner was granted options to buy 400,000 shares of the company's common stock, according to a filing with securities regulators. The ultimate value of that award hinges on whether Wagoner can turn GM around ...

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