For the first time since 2003, General Motors is giving bonuses in the form of stock to chairman and chief executive Rick Wagoner and other top executives, a report published on Friday said.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Wagoner received restricted stock valued at $US2.8m and 500,000 options, according to Reuters, citing a filing with the US Securities and Exchange Commission.
The company will disclose full compensation details in its annual proxy, which will be released in April, the news agency said.
GM last week posted a greatly reduced loss for full year 2006 of $2bn.
