8.5 Million to fired GM Chief

Bloomberg - Former GM Chief to Retire Aug. 1, Get Reduced Payout

Former General Motors Corp. Chief Executive Officer Rick Wagoner, who was eligible for $20.2 million in retirement pay under previous agreements, will get about $8.5 million over the next five years, the company said.
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As part of the reorganization, the U.S. government controls about 61 percent of the company. Canadian governments will have 11.7 percent, a union retiree trust will have 17.5 percent and creditors will have the rest.