General Motors CEO Dan Akerson has a lot on its plate so you would assume that he would get compensated accordingly. Well, that’s not entirely the case. The United States Treasury Department announced earlier this month that will freeze pay in 2012 for General Motors CeO Dan Akerson because the government still owns a 26.5 percent stake in the company.
GM announced today that Akerson’s pay nearly tripled to $7.7 million last year. In 2011, Akerson received a base salary of $1.7 million and $5.9 million in stock rewards. In 2011, Akerson led GM to a record $7.6 billion net profit.
In comparison, Akerson’s counterpart at FoMoCo, Alan Mulally, received $29.5 million in 2011 – a jump of 11 percent.
– By: Omar Rana