Ex-GM CEO Wagoner Retires With $8.6 million
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.
Posted by Michelle Krebs at 9:45 AM under Business , GM , Personalities | Comments (0) | digg this | Seed Newsvine
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