General Motors Corp Chief Executive Rick Wagoner's salary and other compensation rose 64 percent in 2007 to about $15.7 million. reuters.com
GM reported a record $39 billion net loss in 2007. reuters.com
Wagoner will be receiving a $4.6M retirement package, courtesy of a Supplemental Executive Retirement Plan that has been set up for him. This plan comes from funding that is separate from GM's vastly underfunded pension plan, and is said to be payable even if GM files for bankruptcy autoblog.com
Toyota's CEO Hiroshi Okuda made $903K in 2006. Toyota's top 37 executives earned a combined $21.6 million in salary and bonuses.
At Honda, the top 21 earned $11.1 million, combined, in salary and bonuses, SEC filings show. abc.com
GM is seeking taxpayer loans or else threatens the economy with bankruptcy while holding it's massive network of dealers, suppliers and millions of employees that run everything hostage while Toyota and Honda CEO's have been methodically taking over a free market with competitive products at a fraction of GM's CEO management cost.
It's a showdown between a lame-duck US Congress, President Bush and the incoming Obama administration.
Can you kill the cancer without killing the patient and will a few who hold the cards continue to kill the inspiration to succeed with their greed.
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