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Published: Friday, 4/22/2011

GM’s Akerson received $2.5M in 4 months in ’10


DETROIT — General Motors Co. Chief Executive Dan Akerson received compensation of just more than $2.5 million last year, mainly for his four months as the company’s top executive.

He took over GM as it wrapped up a remarkable year. GM returned as a publicly traded company, earned its first annual profit in years, and increased U.S. sales. Since he served as CEO for only part of the year, his compensation was much smaller than other top GM executives, including his predecessor, Ed Whitacre, whose pay package was worth just more than $5 million.

Mr. Akerson succeeded Mr. Whitacre Sept. 1. Mr. Akerson got a salary of $566,667, stock awards of $1.77 million, and other compensation of $194,088.

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