General Motors Corp. doles out $14.7 million in restricted stock as a bonus to five of its top executives for 2002. GM CEO Rick Wagoner received 125,000 restricted units, which are redeemable for shares, reports Bloomberg. John Devine, chief financial officer, and Bob Lutz, product development chief, each received units valued at $3 million, per the closing price yesterday of GM’s stock. Chairman Jack Smith and General Counsel Thomas Gottschalk received $2.2 million and $1.6 million, ...
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