General Motors Corp. boosted CEO Rick Wagoner's total compensation by 40 percent to $14.4 million in 2007, and now they announce they lost $3.3 billion in the first quarter of 2008.
Now, I really don't care. I don't have GM stock or buy their cars. But that just strikes me as insane to give a guy a 40% raise for blowing $3 billion.
Wednesday, April 30, 2008
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