General Motors has tweaked CEO Dan Akerson's pay mix to compensate for the possibility that the 64-year-old executive may retire before his long-term restricted stock vests in three years. Last year, Akerson saw his pay jump by 44 percent to $11.1 million, including $1.99 million in restricted stock as salary units, which vest immediately. Previously, Akerson was awarded around $2 million in restricted stock that could be forfeited on retirement.

The change has led some analysts to believe Akerson may retire earlier than he had planned. While speaking with Bloomberg, GM spokesperson Tom Henderson said, "We certainly wouldn't speculate on what he will actually do. That's up to him."

Akerson received $7.7 million in 2011 despite his actual pay target being closer to $9 million. If that seems steep, keep in mind his compensation falls well behind that of Ford CEO Alan Mulally, who brought home $21 million in compensation in 2012. GM is required to report changes to executive pay to the federal government.


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  • 19 Comments
      rtkewley
      • 2 Years Ago
      The more interesting question is not whether he's going to retire or not; it is "what measurable things has he done to improve the overall health of GM that justify, in the minds of board members, the obscene amount of money that he is being paid?". In the case of the aforementioned Alan Mulally, that question is easy to answer. In the case of Akerson, well...
      Jerry
      • 2 Years Ago
      He should have been run out a while ago. Guy is clueless.
      dukeisduke
      • 2 Years Ago
      GM could use a new board, too, while they're at it.
      Polly Prissy Pants
      • 2 Years Ago
      " If that seems steep, keep in mind his compensation falls well behind that of Ford CEO Alan Mulally, who brought home $21 million in compensation in 2012..." This is the problem right here. How is the compensation of one CEO relevant to the compensation of another? All these megacorps want their execs making top 15% money which simply serves to ratchet up the curve. How about we just compensate based on performance? And you know what, if he doesn't like it he can go work somewhere else. He's just another in a long line of mediocre warm bodies who got results no better or worse than any average line worker could have.
        Ron
        • 2 Years Ago
        @Polly Prissy Pants
        Very well said Polly; totally agree...
      John P
      • 2 Years Ago
      A military style top down organization has no place in the auto business. Thankfully there are still people with real passion for the business in GM and not telecom \"leaders \" like old Dan boy. Dump the back scratching clueless board too.
      dukeisduke
      • 2 Years Ago
      Retire? Yes, please, Captain Queeg, retire, and let someone who knows something about the automotive industry, and who won't insult and demean the True Believers who've kept the company afloat these last couple of years.
      wooootles
      • 2 Years Ago
      Drinking game. 1 shot for every Government Motors line 2 shots if Laser or over9000 shows up to post 3 shots for Occupy-style posts
      Street King
      • 2 Years Ago
      64 years old (beyond out of touch), ZERO automotive experience, and he gets the CEO job at General Motors. W.T.F. The name of the game is GET RID of the babyboomers (worst generation imaginable, will go down in history for most bankruptcies under their management ever) and hire a 30-something replacement, then systematically start ousting the ancient grey haired board members with younger people until the company starts turning itself around. Grey hair? NO CARE! GTFO!
        56Jalopy
        • 2 Years Ago
        @Street King
        Grey hair gets here faster than you think or are you planning on checking out before that happens. We won't miss you.
        • 2 Years Ago
        @Street King
        [blocked]
        • 2 Years Ago
        @Street King
        [blocked]
      carlotta
      • 2 Years Ago
      He's overpaid. See Autoextremist. http://www.autoextremist.com/current/?currentPage=2
      miles
      • 2 Years Ago
      $100 million to retire today and go away forever. Please. Totally worth every penny. Best investment evar!
      • 2 Years Ago
      [blocked]
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