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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.
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) --

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

, which he could sell when the company goes public.

GM CEO Ed Whitacre

Whitacre, the onetime CEO of


(T) - Get Free 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.