GM is making up for Wagoner's meager pay by bolstering his portfolio with 165,000 shares, 500,000 stock options, and 75,000 restricted shares. If GM hits some pre-determined goals, the CEO will also receive up to $3.53 million in cash, and if GM shares hit $40 a share by 2012, the Duke grad will get an additional 500,000 stock options. With Wagoner's background in finance, we're sure he knows that all adds up to a nice chunk of change.
[Source: Automotive News, sub. req'd]