We could do a lot with $7.7 million. But in the realm of jet-setting chief executive officers, that’s practically a minimum standard. Such a wage usually isn’t enough to attract top CEO talent, because most of them can’t be paid enough.
Still, that’s what GM CEO Dan Akerson made last year according to a Securities and Exchange Commission filing discovered by The Detroit News. But Akerson doesn’t seem too bent out of shape that he didn’t earn the $29.5 million Ford’s Alan Mulally made last year. Notably, Akerson gave up more than $100 million to leave the Carlyle Group and become CEO of GM on Sept. 1, 2010.