UPDATE 1-GM CEO's compensation jumps 64 percent in 2007

Newswire

(Adds details on executive compensation, nomination of director, background) DETROIT, April 25 (Reuters) - General Motors Corp Chief Executive Rick Wagoner's salary and other compensation rose 64 percent in 2007 to about $15.7 million, mainly due to option grants, according to a proxy filed on Friday. The GM compensation committee cited significant progress over the past few years in reducing the automaker's health care cost burden, increasing growth internationally and improvements in ...

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