General Motors Corp. Chief Executive Rick Wagoner has cut his base salary by a quarter to $1.65 million in a gesture of support for the automaker's turnaround efforts, the company said on Friday.
In a filing with the Securities and Exchange Commission, GM said Wagoner agreed to cut his base salary as of March 1, 2007 from $2.2 million in January 2006.
Wagoner's total compensation for 2006 was $10.2 million, including $3 million in option awards and $3.6 million in stock awards, the filing said.
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