GMAC CEO awarded $14.6 million in 2007

Newswire

NEW YORK, Feb 27 (Reuters) - GMAC LLC said on Wednesday its chief executive was awarded about $14.6 million of compensation in 2007, when the finance company lost about $2.33 billion because of problems in its mortgage business. Eric Feldstein took over GMAC, best known for its auto finance business, in November 2006, after working 25 years at General Motors Corp , including four years as chairman of the former General Motors Acceptance Corp. The automaker owns 49 percent of GMAC, after ...

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