GM’s new CFO’s pay exceeds government limits, seen as possible candidate for new CEO

Chris Liddell

General Motors Company’s new CFO, Chris Liddell, will receive a salary of $750,000 in 2010 and will get another $5.45 million worth of company stock starting in 2012 when GM intends to sell its shares to the public. Liddell’s package exceeds the imposed limits on companies that received government aid, but GM said in a government filing yesterday that an exemption was made with the government pay czar Kenneth Feinberg.

Liddell, who will take up his new position on Dec. 31, was receiving a pay package of $2.4 million when he was working at Microsoft.

According to a report by the Associated Press, Liddell is also a possible candidate for GM’s next CEO. GM’s current CEO, Ed Whitacre Jr., does not receive a salary but gets an annual compensation of $350,000 as a board member. Former CEO Fritz Henderson received a compensation of nearly $5.5 million, including an annual salary of $950,000.

Liddell, 51, will replace current CFO Ray Young.

– By: Omar Rana

Source: MSNBC


TOYOTA OEM 09-15 Tacoma Front Suspension-Shock Absorber 4851009U61 picture
TOYOTA OEM 09-15 Tacoma Front Suspension-Shock Absorber 4851009U61
HEIDTS ROD SHOP GM F-Body 1970-81 Pro-G Front Suspension Kit P/N CF-201-WT picture
HEIDTS ROD SHOP GM F-Body 1970-81 Pro-G Front Suspension Kit P/N CF-201-WT
Pair Rear Air Suspension Spring Bag for 2007-2013 BMW X5 E70 X6 E71 E72 picture
Pair Rear Air Suspension Spring Bag for 2007-2013 BMW X5 E70 X6 E71 E72
Lexus IS Is350 Electric Suspension Strut Front Left Fits  2014 2015 2016 2017 picture
Lexus IS Is350 Electric Suspension Strut Front Left Fits 2014 2015 2016 2017
VW VOLKSWAGEN OEM 05-15 Jetta Front Suspension-Strut Mount Bearing 1K0412249B picture
VW VOLKSWAGEN OEM 05-15 Jetta Front Suspension-Strut Mount Bearing 1K0412249B