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Fed may reconsider $500k salary cap for new GM CEO, limit pay for 2nd tier execs

It's official: pay czar Kenneth Feinberg's executive compensation rules for companies yet to return their bailout funds means a cap of $500K for second-tier executives. Importantly, that number represents the total compensation allowed, but only 45 percent of it -- $225,000, can be in cold, hard ducats. Stock remuneration must be held or paid out over at least two years, and extracurricular perks like country club memberships and private jet escapades can be valued at no more than $25,000. Regarding General Motors, to lure the kind of ... Read more →

REPORT: GM cutting executive pensions, ex-CEO Wagoner to get pinched the most Chris Shunk

How much does Nardelli really earn? Could be much more than $1 Jonathon Ramsey

GM increases exec salaries to "normal" levels Chris Shunk

GM has seen plenty of tough times over the past few years, and even the company's top executives have felt the pinch. Executive pay was among the items cut as the General waded through ...

Surprise, surprise: UAW not down with the plan to renew the exec bonus plan Erin Mays

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Fed may reconsider $500k salary cap for new GM CEO, limit pay for 2nd tier execs 3 days ago on Autoblog

REPORT: GM cutting executive pensions, ex-CEO Wagoner to get pinched the most 6 months ago on Autoblog

With General Motors in bankruptcy, it was only a matter of time before pensions came under scrutiny. The Detroit News is reporting that GM CEO Fritz Henderson has confirmed that executive pensions beyond $100,000 per year will be cut by two-thirds. Recently defenestrated boss Rick Wagoner will ...

How much does Nardelli really earn? Could be much more than $1 10 months ago on Autoblog

The president decreed that CEOs running banks that received TARP funds couldn't be paid more than $500,000 each year. Chrysler isn't a bank, yet it has received TARP funds, and its CEO, Bob Nardelli, is well under the $500,000. Or at least, he might be. During recent Congressional hearings Nardelli ...

GM increases exec salaries to "normal" levels 1 year ago on Autoblog

GM has seen plenty of tough times over the past few years, and even the company's top executives have felt the pinch. Executive pay was among the items cut as the General waded through multi-billion-dollar losses and immense market pressure, but after two years of cuts, the members of GM's top ...

Surprise, surprise: UAW not down with the plan to renew the exec bonus plan 3 years ago on Autoblog

Not surprisingly, the United Auto Workers have taken issue with a bonus plan proposed for Delphi's executive management, saying that if the bonuses were to pass, it would ruffle some feathers as the two parties proceed with negotiations. The plan, which Delphi successfully petitioned the judge for ...

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Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too!

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