Boston, MA 02\/26\/2013 (wallstreetpr) – CEO salaries are hitting the roof and this year General Motors Company (NYSE:GM) has plans to pay its CEO Dan Akerson, $11.1 million. The company\u2019s top 25 executives are slated to get a total of $82 million in pay. In 2011 Akerson received $7.7 million though the target compensation for him had been $9 million and is General Motors Company (NYSE:GM)\u2019s highest paid executive. The U.S Treasury had started scrutinizing and restricting the salaries given to executives of seven companies that had been bailed-out by the Troubled Asset Relief Program that the government handles.<\/p>\n
All troubled companies answerable<\/b><\/p>\n
Today, Bank of America Corp (NYSE:BAC), American International Group, Inc (NYSE:AIG), Citigroup Inc (NYSE:C), Chrysler Financial Corp and Chrysler Group LLC no more need to be subjected to the rulings of the department. A General Motors Company (NYSE:GM) spokesperson Greg Martin would not comment on specifications of the pay proposal put forth by the company but added that General Motors Company (NYSE:GM) will co-operate completely with the House Oversight Committee and provide all the requested information. Company executives pay have come under scrutiny and the Treasury conducts all pay supervision.<\/p>\n
CEO pay packages<\/b><\/p>\n
General Motors Company (NYSE:GM)\u2019s former lending arm is all set to pay their own CEO Michael Carpenter a cool $9.6 million. CEO of Ford Motor Company (NYSE:F) received $29.5 million pay in 2011 as well as a stock reward worth $58.3 million for the turnaround that the company had made. CEO Dieter Zetsche of Daimler AG (PINK: DDAIF) received a total compensation of $10.7 million on 2012 whilst Volkswagen AG (PINK: VLKAY) will be reducing CEO Martin Winterkorn\u2019s pay package by 17 percent.<\/p>\n
Shares of General Motors Company (NYSE:GM) went down by 2.88% to close at $26.33<\/p>\n
Shares of Ford Motor Company (NYSE:F) went down by 2.08% to close at $12.13<\/p>\n
Shares of Daimler AG (PINK:DDAIF) went down by 1.68% to close at $58.10<\/p>\n
Shares of American International Group, Inc (NYSE:AIG) were down by 3.62% to close at $37.06<\/p>\n
Shares of Bank of America Corp (NYSE:BAC) went down by 3.585 to close at 411.03<\/p>\n
Shares of Citigroup Inc (NYSE:C) went down by 3.83% to close at$41.15<\/p>\n
Shares of Volkswagen AG (PINK:VLKAY) went down by 5.02% to close at $39.76<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 02\/26\/2013 (wallstreetpr) – CEO salaries are hitting the roof and this year General Motors Company (NYSE:GM) has plans to pay its CEO Dan […]<\/p>\n","protected":false},"author":6,"featured_media":5675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[265],"tags":[1781,1654,1631,1779,1778,1700,1446,1010,1008,629,632,1780,1783,1782],"stock_ticker":[],"class_list":["post-5674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-american-international-group-inc-nyseaig","tag-bank-of-america-corp-nysebac","tag-citigroup-inc-nysec","tag-daimler-ag-pinkddaif","tag-ford-motor-company-nysef","tag-general-motors-company-nysegm","tag-nyseaig","tag-nysebac","tag-nysec","tag-nysef","tag-nysegm","tag-pinkddaif","tag-pinkvlkay","tag-volkswagen-ag-pinkvlkay","entry"],"acf":[],"yoast_head":"\n