omarrana
omarrana
I hooked up my accelerator to my brake lights. I hit the gas, people behind me stop, and I'm gone.
View My AgentPage

Print this Page | Digg It | del.icio.us

Tags: GM

Tag Link: GM

Shareholders mad at Wagoner's on huge salary and bonuses
While GM is shutting down plants and leaving many workers jobless, CEO Rick Wagoner’s base salary for 2008 went up to $2.2 million from $1.65 million in 2007. His total compensation in 2007, including base salary, stock awards, options and other income, was $14.4 million as reported by GM ($15.7 million according to Associated Press).

Shareholders are now speaking out. At yesterday’s annual meeting, shareholders blasted CEO Rick Wagoner for taking in huge salaries and bonuses while GM struggles financially. Investors defeated a proposal under which at least 75 percent of future stock option and restricted stock awards for senior execs would be tied to how GM... Read Article
Shareholders mad at Wagoner's on huge salary and bonuses



Comments:

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters):
[img]IMAGE URL[/img]
Example: [img]http://agent004.myautospies.com/users/150/Sample-Gallery/sample1.JPG[/img]
NItePhireNItePhire - 6/4/2008 2:30:52 PM
+5 BoostDrop the Boost Up the Boost
So whats new? American business as usual. You see it all the time. Company sinking, CEO gets big salary. Wage workers get laid off, CEO gets bonus for losing money.

reply to this comment
AMiodynskiAMiodynski - 6/4/2008 2:45:50 PM
+5 BoostDrop the Boost Up the Boost
That's the American Way !!!!

reply to this comment
cRacKhEaDaLLeYcRacKhEaDaLLeY - 6/4/2008 2:55:11 PM
-4 BoostDrop the Boost Up the Boost
Obama will stop this!

reply to this comment
randy33randy33 - 6/5/2008 2:17:22 AM
+1 BoostDrop the Boost Up the Boost
stop what? shareholders from speaking out?

you people are creepy.


GodfatherSHMGodfatherSHM - 6/4/2008 3:15:00 PM
+2 BoostDrop the Boost Up the Boost
How will Obama stop this? You can't stop it, its a free market economy. That is the most worthless comment i have seen in a while, and their have been some pretty worthless comments before.

Paying Wagoner that is probably better than paying what his severence would be if they fired him. I too hope one day to drive a company into the ground and then get paid loads of money to leave, someday!!

reply to this comment
NItePhireNItePhire - 6/5/2008 11:38:58 AM
+1 BoostDrop the Boost Up the Boost
Figuratively speaking he would probably get about 300million if he was fired.


MeanVulcanMeanVulcan - 6/5/2008 10:46:51 AM
0 BoostDrop the Boost Up the Boost
How is he supposed to live a basic life with barely $15 Million in total compensation, after all, he needs to cover for inflation.

Also, since when does GM increase pay for performance. Ethical behavior starts at the top so its no wonder their vehicles sales reflect that (big decline in sales year over year).

reply to this comment
To post a comment for this story, you must first Login.

If you do not have an account, you will need to Register (It's Free!).

Most Recent Stories
Renntec Mercedes C63 AMGFerrari Enzo Replacement SpiedSarah Palin Opens A Can Of Alaskan Whoop-Ass On Obama And Democrats-But What Does She Drive?Recall Issued for 2009 Jaguar XFCONFIRMED: Chevrolet Volt to be revealed this monthStudy: Women get ’turned on by engine sounds of MaseratisLamborghini Gallardo LP560-4 gets diamond wheels and pink brakesWill Buyers Be Willing To Settle For A 4 Cylinder BMW, Or It That Just Too Far Of A StretchUpcoming Beetle Design Will Inject More TestostoroneRumor: Ferrari working on a 430 Scuderia Spider2010 Chevrolet Camaro orders start next monthHyundai to show Santa Fe hybrid concept in ParisIs Imitation The Sincerest Form Of Flattery? Honda Releases Their Own Prius Look Alike!2009 Mazda MX-5 FaceliftCitroen reveals new hybrid conceptEarly look at America-bound Ford C-MaxSpies Become MythBusters When It Comes To Your Options If You Think You've Bought A LemonIs BMW The Company Actually Behind The Audi A4 Driving Experience App?NHTSA Sides With Toyota On Unintended Acceleration Issues Claiming 400 Owners Had No CaseChrysler Still Sits In The Basement, Sales Down 34% For AugustHow Low Should It Go? Analysts Predict Oil To Plunge As Low As $80 A Barrel!The Bottom Falls Out Of Audi Sales In August, Down 16% For The MonthHyundai May Be Fuel Economy Leader By Meeting Standards 5 Years Ahead Of DeadlineGM Employee Pricing Program Fails To Limit Sales Losses - Sales Down 20.4% In AugustHyundai Stumbles Down 8.8% For AugustBMW Sales Dip 4.1% In August - Mini Remains Strong Up 34.1%Honda Stumbles 7.1% In August - Acura Makes Progress Down 8.2%2008 Mercedes Brabus Bullit Black ArrowMazda Tightens The Belt With a 4.4% Decrease In August SalesNissan Rebounds With Sales Up 14.2% - Infiniti Up 8.0% For AugustToyota Drops 9.4% In August - Lexus Year End Clearance Event Curbs Losses To 9.1%Volkswagen Rides The TDI To A 2.9% Increase August SalesMercedes Benz Sales Drop 11.8% In August - SMART Sales Remain StrongFOMOCO Stuns No One With A 26.6% Shortfall In August SalesBMW 135i Outpoints Its Competitors to Become Consumer Reports' Top-Rated Sporty CarGerman Car Market Sales Fall 10.4% For AugustInfiniti M35 to get 303-hp V6 VQ35HR engineHot News: Mercedes CLT2009 Lexus IS Facelift Spurts Out On The Net$200 Spy Tool Allows You To Track Your Errant Children Or Spouse's Every MoveConsumer Reports Analysis: Best Money Saving HybridsChrysler working on electric cars and plug-in hybrids$2 million Bugatti Veyron crashed againHonda's Prius rival to be revealed on ThursdayKia Soul to debut at Paris Motor ShowHummer H3T on sale in Middle East this NovemberBMW pure electric 1-series in the worksAudi working on R3 roadster with 4-cylinder engineWho Is Going To Be The First to Fall And How Soon?Honda To Debut New Hybrid Thursday - To Be Priced Same As Conventional Models