No bonuses for top GM executives - NYT

Newswire

NEW YORK, March 29 (Reuters) - General Motors Corp. , which significantly improved its financial performance in 2006 but did not make a profit, will not pay cash bonuses to top executives for the second consecutive year, the New York Times reported. GM spokeswoman Renee Rashid-Merem told the Times that the decision affected about 20 people, including Chief Executive Rick Wagoner and Vice-Chairman Robert A. Lutz. Full details on executives' compensation will be released next month when ...

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