Report: GM CEO Dan Akerson earned $2.5 million in 2010

Filed under: GM, Earnings/Financials

Despite only holding the reins of General Motors for the last four months of 2010, company CEO Dan Akerson received $2.5 million in compensation last year. Akerson took over the post from Ed Whitacre on Sept. 1, after Whitacre stepped down. According to The Detroit News, Akerson was paid $566,667 in salary from GM and a further $1.76 million in stock awards. Not bad for four months' work.

Akerson's earnings are subject to review by the federal government, since they still own a 32 percent share of the company. For 2011, Akerson won't get a raise, which means he'll earn $9 million this year, the same amount Ed Whitacre would have been paid had he made it an entire year.

Akerson was at the helm for GM's IPO in November, and helped the company close out 2010 posting its biggest profit in ten years.

[Source: The Detroit News]

Report: GM CEO Dan Akerson earned $2.5 million in 2010 originally appeared on Autoblog on Sat, 23 Apr 2011 17:01:00 EST. Please see our terms for use of feeds.

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Source: http://www.autoblog.com/2011/04/23/report-gm-ceo-dan-akerson-earned-2-5-million-in-2010/

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