Everyone moans about Republicans being in Big Businesses pockets..Here is irrefutable evidence that our Democrats do the same thing only in this case paying the CEO with our money.
Here's another one of those Friday afternoon disclosures meant to slip right by you while you were involved with other things. Apparently the Obama administration is only against big payouts for CEOs if they run non-government corporations.
DETROIT - New General Motors Co. CEO Daniel Akerson will get the same $9 million pay package as the man he replaced, Ed Whitacre.
Akerson, a former telecommunications industry and private equity executive, will receive $1.7 million in annual salary, $5.3 million in short-term stock payable over the next three years, and another $2 million in stock that's part of the company's long-term executive compensation plan.
The automaker, which is 60.8 percent owned by the U.S. government, disclosed the pay package in a filing on Friday with the Securities and Exchange Commission. It is identical to what the company disclosed for Whitacre in February.
Wow talk about your unbridled hypocrisy ...