GM seeks approval to pay CEO $11.1 million-CNBC

Newswire

Feb 25 (Reuters) - General Motors Co wants to pay its chief executive, Dan Akerson, $11.1 million this year, CNBC reported, citing related documents. If the U.S. government approve the plan, Akerson's annual compensation would increase more than 20 percent compared to last year, the report said. Compensation of GM executives is governed by a special paymaster from the federal government as part of provisions put in place after GM's U.S.-funded bankruptcy ...

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