Saturday, April 26, 2008

GM's Wagoner made $14.4 million in '07

CEO's compensation grew 40% despite automaker losing money for 3rd year in a row.

Sharon Terlep / The Detroit News

General Motors Corp. boosted CEO Rick Wagoner's total compensation by 40 percent to $14.4 million in 2007, a year in which the automaker lost money for a third straight year but also slashed costs and brokered a historic labor deal with the United Auto Workers union.

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