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As G.M.\u2019s executive salaries are under review as part of the whereby the government invested billions in the ailing company in June, Vice Chairman Bob Lutz – who also serves as the company\u2019s VP of marketing – says that G.M.\u2019s execs are extremely under-compensated, given the nature of their jobs and the market in which they compete.<\/p>\n
“All I know is, right now, we are given our responsibility. And given the rigors of the job and demands and the accountability, I would say we are being paid way, way, way below market,” Lutz said.<\/p>\n
Pay Czar Ken Feinberg had ordered a 25% pay cut for then-CEO Fritz Henderson, and mandated that save for the CEO and one other executive, no one was to earn over $500,000 per year. Lutz says that while this may not be a big problem right now, companies that under-compensate, are bound to run into recruitment and retention problems.<\/p>\n
– By: Stephen Calogera<\/em><\/p>\n Source: Detroit News<\/a><\/p>\n As G.M.\u2019s executive salaries are under review as part of the whereby the government invested billions in the ailing company in June, Vice Chairman Bob Lutz – who also serves as the company\u2019s VP of marketing – says that G.M.\u2019s execs are extremely under-compensated, given the nature of their jobs and the market in which […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-312776","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/312776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=312776"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/312776\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=312776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=312776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=312776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/img><\/a>
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