Ex-GM CEO Wagoner To Get Lifetime Salary, Benefits For 5 Yrs

  • JULY 14, 2009, 5:38 P.M. ET

Ex-GM CEO Wagoner To Get Lifetime Salary, Benefits For 5 Yrs

 
 

General Motors Corp. said Tuesday former Chairman and Chief Executive Rick Wagoner will receive an annual salary of $74,030 for his lifetime and annual benefits of $1.6 million for five years.

The Obama administration demanded Wagoner step down in late March because GM wasn’t making enough progress …

 

Copyright 2009 Dow Jones & Company, Inc. All Rights Reserved

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