It pays to be an executive for General Motors. Actually, scratch that... it will soon pay to be an executive with General Motors, assuming that the automaker's upcoming Initial Public Offering takes place according to plan. According to our friends at TheDetroitBureau.com, a dozen top officials at the company could be looking at a payday totaling as much as $13 million or more, depending on the value of GM stock after the IPO.
It may be tough to remember the news earlier in the day that Bryan Nesbitt would be out as the head of Cadillac and back to his old position as executive director, advanced concept group. A metric ton of reveals from the Geneva Motor Show has a tendency to do that kind of thing... but General Motors rather quietly let loose a whole slew of sweeping changes to its North American leadership team. According to Mark Reuss, GM North America president: