With the addition of a new position and company earnings relatively strong during an economic downturn, General Motors Corp. Chairman and CEO Rick Wagoner’s 2003 compensation included a cash bonus – his first in three years – and a pay raise. According to GM’s proxy report, Wagoner, who added chairman to his duties in 2003 after the retirement of Jack Smith, received a $2.86 million cash bonus and 10% pay raise to $2.2 million. His total compensation was $8.5 million plus stock options, ...

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