General Motors Corp. CEO Rick Wagoner and CFO John Devine each received raises due to the No.1 auto maker’s improving financial performance, according to a company proxy statement. Wagoner received a 29% raise in base pay, bringing his salary to $2 million for last year. Including $560,000 in long-term incentives based on GM’s performance, Wagoner earned $2.56 million in 2001. However, Devine earned $4.8 million – mostly in bonuses – double Wagoner’s pay if stock options are excluded. He ...
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