GM shareholders upset over Wagoner's pay
Still, there were some vocal company detractors present at the annual shareholders meeting, such as Mary Ann Wiley from Seattle, Washington. She told GM CEO Rick Wagoner, "If the company does not do well, management should take an equal hit, and I don't think they've taken an equal hit." Wagoner's $15.7 million dollars worth of compensation for 2007 is as drop in the bucket compared to GM's reported loss for the same calendar year, so it seems obvious that there is a bit more to the problem than overpaid executives. Still, a little shake-up seems like a distinct possibility if things don't improve quickly.
[Source: Automotive News - sub. req'd]
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