GM to Cut Dividend in Half
Executive Pay & Pensions Cut
As expected, the GM Board cut the dividend in half. They added Kirk Kerkorian's hand-picked representative, Jerry York, to the board. Executive pay was cut for the top executives, including a 50% paycut for CEO Rick Wagoner. He's only making $1.1 million now.
It's a start.
Engineering, engineering news, Times Online
Tuesday, February 07, 2006
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