DETROIT (AP) — General Motors gave its current and former chief executives more than $1.3 million in stock in the third quarter under terms of their pay packages.
The automaker says in filings with the Securities and Exchange Commission that former CEO Ed Whitacre got more than 16,300 shares worth over $883,000 on Sept. 30. Current CEO Daniel Akerson received nearly 8,200 shares worth over $438,000.
GM has said that Akerson will get a $9 million pay package. That includes $1.7 million per year in pay, $5.3 million in short-term stock payable over three years, and $2 million in long-term stock.
Whitacre will get $6.4 million in stock and salary for his eight months as CEO. That includes $1.1 million in pay and $5.3 million in short-term stock compensation.
