GM's Whitacre Could Earn $9 Million
GM CEO Whitacre will earn $1.7 million in cash and could draw up to $7.3 million in stock awards.
DETROIT (
) --
General Motors
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
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, which he could sell when the company goes public.
GM CEO Ed Whitacre |
Whitacre, the onetime CEO of
AT&T
(T) - Get Report
, 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.
