{"id":344834,"date":"2010-02-20T17:00:12","date_gmt":"2010-02-20T22:00:12","guid":{"rendered":"tag:consumerist.com,2010:\/\/1.10002370"},"modified":"2010-02-20T19:55:16","modified_gmt":"2010-02-21T00:55:16","slug":"new-general-motors-ceo-to-receive-9-million-compensation-package","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/344834","title":{"rendered":"New General Motors CEO To Receive $9 Million Compensation Package"},"content":{"rendered":"

<\/p>\n

Ed Whitacre, new CEO of General Motors, will receive a $1.7 million salary and $9 million total compensation package. That’s about twice what his predecessor Fritz Henderson received. Don’t cry for Henderson, though–he’s making almost $3,000 per hour<\/a> consulting for GM for twenty hours a month. <\/p>\n

GM spokeswoman Renee Rashid-Merem said Whitacre’s pay is higher than Henderson’s because of his previous CEO experience.<\/p>\n

“Ed is a long-serving veteran CEO and chairman, and while his package is higher than Fritz’s, it is significantly lower than that of our peer companies,” Rashid-Merem said in an e-mail.<\/p><\/blockquote>\n

Most of that $9 million is GM stock, and Whitacre will receive it in coming years.<\/p>\n

\nGM CEO Whitacre Receives $9M Pay Package<\/a> [Associated Press]
\nFormer CEO Fritz Henderson now consults GM at $2,954 an hour<\/a> [USA Today]<\/p>\n","protected":false},"excerpt":{"rendered":"

Ed Whitacre, new CEO of General Motors, will receive a $1.7 million salary and $9 million total compensation package. That’s about twice what his predecessor Fritz Henderson received. Don’t cry for Henderson, though–he’s making almost $3,000 per hour consulting for GM for twenty hours a month. GM spokeswoman Renee Rashid-Merem said Whitacre’s pay is higher […]<\/p>\n","protected":false},"author":4307,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-344834","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/344834","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\/4307"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=344834"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/344834\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=344834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=344834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=344834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}