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Outgoing GM CEO gets $30 million
Wed, Apr 01, 2009
AFP
>CHAIRMAN and chief executive Rick Wagoner will leave General Motors with some US$20 million (S$30 million) in retirement benefits and other compensation.

A company spokesman said on Monday that it was not a severance package for Mr Wagoner, who agreed to step down under pressure from the White House as it hardens conditions for new aid to the troubled car giant.

- AGENCE FRANCE-PRESSE

 

 
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