GM CEO Rick Wagoner made $5.5 million in 2008

According to documents filed with the Securities and Exchange Commission today, General Motors’ CEO Rick Wagoner was paid a total of $5.5 million in 2008. Wagoner received a salary of $2.1 million and earned no bonuses last year.

His total 2008 compensation is down from his $14.1 million compensation in 2007, and 2009 isn’t looking any better for the GM CEO. Wagoner will be working for $1 in 2009 as a part of the company’s deal with the U.S. government.

COO Fredrick Fritz Henderson received $1.7 million in 2008 down from $7.2 million in 2007. CFO Ray Young raked in $1.5 million last year and will take a 30 percent pay cut along with other GM executives on May 1.

Source: AutoObserver