Seven GM executives to get $7.5 million in stock

[Ed Barrow]

Source: Associated Press

General Motors Co. is disclosing that seven executives will get roughly $7.5 million in company stock as part of their pay packages.

The executives include North American President Mark Reuss, Vice Chairman for Product Development Tom Stephens and President of GM Europe Nick Reilly, the company said in regulatory filings Monday.

Previously GM had only disclosed a $9 million pay-and-stock deal for CEO Ed Whitacre, $6.2 million for Chief Financial Officer Chris Liddell and $5 million for Vice Chairman for Corporate Strategy Stephen Girsky.

...

The U.S. government owns 61 percent of GM because it gave the company roughly $50 billion in aid. GM has repaid $6.7 billion, with the rest converted to stock.

Read more: http://www.msnbc.msn.com/id/37558049/ns/business-autos/

[primavera]

1. Don't we have enough evidence yet...

... that corporate executives are vermin to get Orkin to start spraying for them?

[burnsei sensei]

2. Is there any evidence of the shattered dreams

and diminished choices of the majority of the people in the lives of this class?
The facile rewards in bloody hard years amount to corruption.