General Motors’ annual proxy statement was released today, and it shows that several of the company’s top executives received higher compensation in 2012 than in 2011. CEO Dan Akerson is listed at a “realized” $9.1 million, about the same as 2011, but the total value of his compensation totals $11.1 million, due to stock bonuses.
The second-most paid was Tim Lee, who received $6.6 million, including a $750,000 salary. His compensation also included about $620,000, said to be for his living allowance and other expenses as he works in Shanghai.
To note, the U.S. government still maintains a pay freeze on the company’s top 25 executives, as it divests its stake in GM.