GM CEO Ed Whitacre to Recieve $9 Million Pay Package

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.

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