Despite a horrific year for the car industry new General Motors CEO Ed Whitacre will receive a pay package worth $million. Which is less than previous CEO Fritz Henderson prior to 2009.(a salary much more than Henderson’s 2009 salary.)
Whitacre will get $1.7million dollars in salary. His stock options are worth $5.2 million in 2012 and $2 million of restricted stock options.
Wall Street Journal has the rest of story.