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Published: Saturday, 4/28/2007

GM chairman collects $9.57M in compensation

DETROIT General Motors Corp. chairman and Chief Executive Rick Wagoner received compensation that the company valued at $9.57 million during 2006.

He received more than $1.28 million in salary and $769,566 in other compensation, including $51,941 for personal use of company aircraft and $284,523 for security, according to the filing with the U.S. Securities and Exchange Commission.

The fair value of stock and option awards granted to Mr. Wagoner last year totaled $7.52 million.

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