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March 30, 2007
Report: No bonuses for top GM executives
NEW YORK -- General Motors, which significantly improved its financial performance in 2006 but did not make a profit, will not pay cash bonuses to top executives for the second consecutive year, the New York Times reported. GM spokeswoman Renee Rashid-Merem told the newspaper that the decision affected about 20 people, including CEO Rick Wagoner and Vice Chairman Robert Lutz.
Posted by Frank at March 30, 2007 4:00 AM | Filed under Auto News
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