Reuters: Regulatory News: GM seeks approval to pay CEO $11.1 million-CNBC

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

GM seeks approval to pay CEO $11.1 million-CNBC Feb 26th 2013, 02:46 Mon Feb 25, 2013 9:46pm EST Feb 25 (Reuters) - General Motors Co wants to pay its chief executive, Dan Akerson, $11.1 million this year, CNBC reported, citing related documents. If the U.S. government approve the plan, Akerson's annual compensation would increase more than 20 percent compared to last year, the report said. Compensation of GM executives is governed by a special paymaster from the federal government as part of provisions put in place after GM's U.S.-funded bankruptcy restructuring in 2009. No determinations has yet been made for 2013 compensation, a U.S. Treasury Department official told CNBC. General Motors and U.S. Treasury officials were not available to comment outside business hours.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions