Top Compensation For New Vice Chairman
Source: Agencies |
March 8, 2010, Monday
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Print Edition
Print Edition
GENERAL Motors Co's newly promoted Vice Chairman Stephen Girsky is getting US$5 million in a package that includes salary and stock, according to the auto maker.
Girsky, 47, named vice chairman of corporate strategy and business development last month, will receive a US$500,000 annual salary, US$3 million in salary stock and US$1.5 million in restricted stock, according to a filing with the US Securities and Exchange Commission.
Girsky was a longtime Wall Street auto analyst named to the auto maker's board of directors last July. GM said in January it was paying Girsky US$1.1 million a year in cash and company stock for his dual role as board member and adviser to Chairman and CEO Ed Whitacre.
Girsky, 47, named vice chairman of corporate strategy and business development last month, will receive a US$500,000 annual salary, US$3 million in salary stock and US$1.5 million in restricted stock, according to a filing with the US Securities and Exchange Commission.
Girsky was a longtime Wall Street auto analyst named to the auto maker's board of directors last July. GM said in January it was paying Girsky US$1.1 million a year in cash and company stock for his dual role as board member and adviser to Chairman and CEO Ed Whitacre.
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