General Motors has disclosed that Dan Ammann, the replacement to Chris Liddell for The General’s chief financial officer (CFO) position will receive a $750,000 annual salary that will be bundled in with $2.1 million in salary stock for the remainder of the year, which can be paid in three years starting in 2012. In addition, Ammann will receive $1.4 million in restricted stock. To note, Amman’s figures don’t measure up to what Liddell received (or was set to receive) before his sudden departure.
In many blue-collared (and even white-collared) eyes, Ammann’s compensation package is a lot. And while this is no April Fools’ joke, but Ammann — who turns 41 next month — will see the new benefits come April 1st, when he assumes his new role.
Is the pay package fair? Outrageous? Or are you just plain envious? Sound off in the comments below.
Source: The Detroit Free Press