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ID: 35629
Title: GM CEO takes 25 pct pay cut to support turnaround (Reuters)
Description:

In this file photo General Motors Chairman and Chief Executive Officer Rick Wagoner drives GM's Chevrolet Sequel, a hydrogen-powered fuel cell vehicle, during the first test drive in Shanghai November 6, 2006. Wagoner has voluntarily cut a quarter of his base salary to support the automaker's turnaround plans, GM said in a filing on Friday. (Nir Elias/Reuters)Reuters - General Motors Corp. Chief Executive Rick Wagoner has cut his base salary by a quarter to $1.65 million in a gesture of support for the automaker's turnaround efforts, the company said on Friday.
Category: Business/
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Date Added: April 27, 2007 09:43:47 PM
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