CEO Ed Whitacre will be paid as much as $9 million this year, depending on the value of stock awards.
Whitacre will receive a cash salary of $1.7 million, as well as stock awards, worth up to $7.3 million, according to
The Associated Press
, which he could sell when the company goes public.
GM CEO Ed Whitacre
Whitacre, the onetime CEO of
, became chairman of GM in January 2009; interim CEO in December and
permanent CEO in January 2010.
-- Written by Ted Reed in Charlotte, N.C.