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Wagoner To Exit GM Soon: Report

Stock quotes in this article: GMGMQ  

General Motors (GMGMQ Quote) former CEO Rick Wagoner, who is still employed by the bankrupt automaker almost four months after he was fired, will learn "very soon" when he'll be cut loose from the company and what he'll take home as an exit package, the Wall Street Journal reports, citing an Obama administration official.

Wagoner is still on GM's payroll at $1 a year and receives the same benefits he did when he served as CEO, the newspaper notes.

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