Ex-GM CEO Wagoner Retires With $8.6 million
By Michelle Krebs July 15, 2009
Former General Motors Chairman and CEO Rick Wagoner, who got the boot from the Obama 
Administration in March, will officially retire in August with a compensation package worth more than $8 million in the first five years, the company said in a report filed with the U.S. Securities and Exchange Commission.
That's substantially less than the $20 million he was entitled to at the end of last year.
Wagoner, who is 56 and spent 32 years at GM, officially retires Aug. 1.
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