GM CEO Gets Stock Bonus Worth $1.3M

DETROIT (AP) — General Motors Co. said Tuesday that CEO Dan Akerson got a $1.3 million bonus as part of the company's stock plan for executives.

Akerson was awarded 43,600 shares at $30.39 per share on June 30. He will get the bonus in three installments beginning next June.

The award brings Akerson's personal holdings of GM shares to 93,600. He bought 30,000 GM shares with his own money in May for $31.33 each, or $940,000.

GM's stock debuted in November. It has slumped since its high close of $38.98 on Jan. 7. Investors have pushed down the price because they're worried about the government selling its remaining 26.5 percent stake in the company. They're also concerned about the effect of high gas prices and rising costs on profits.

Akerson received a pay package worth $9 million in 2010, including $1.7 million in salary.

GM shares rose 28 cents Tuesday to close at $30.86.