Democratic Underground - New rules cost GM's Henderson cash but may hike his pay

New rules cost GM's Henderson cash but may hike his pay [View All]

Romulox

(1000+ posts) Send PM | Profile | Ignore

Fri Oct-23-09 12:21 AM
Original message

New rules cost GM's Henderson cash but may hike his pay

Advertisements [?]

Source: Detroit Free Press

Under new pay restrictions for companies that received federal assistance, General Motors Co. CEO Fritz Henderson will get less cash but may see an overall larger pay package.

Henderson’s total compensation package will increase to about $5.5 million under terms of the pay plan, a person familiar with the documents said.

Henderson’s cash salary, which was $1.26 million, is being decreased by 25% to $950,000. He will receive stock and restricted stock in GM valued at about $4.2 million.

Read more: http://freep.com/article/20091022/BUSINESS01/91022070/1319/New-rules-cost-GM-s-Henderson-cash-but-may-hike-his-pay

:wtf: :shrug:

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Got a message for Democratic Underground? Click here to send us a message.

New rules cost GM's Henderson cash but may hike his pay [View All]