SCORE! Wagoner gets $8.2 million exit package from GM

In a payout package outlined in a regulatory filing today with the U.S. Securities and Exchange commission, former General Motors CEO will get almost $8.2 million under a pension agreement plus a $74,030 annual pension. While that may anger many of you taxpayers, the amount is far less than what Wagoner was originally supposed to get before GM made drastic cuts in pensions for former executives.

Wagoner originally had a pension with total benefits worth $22.1 million as of December 31. The pension was to be paid in five annual pension payments of an outstanding $4,523,400. Under the new agreement, Wagoner will now get...
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thstone - 7/15/2009 4:53:11 PM

+2 Boost

$0.00 ZERO. ZILCH. NADA. Do you get where I'm coming from?

veyron1001 - 7/15/2009 6:34:55 PM

+2 Boost

I would rather that being paid to a hitman to kill him.

bfghemicuda - 7/16/2009 12:09:40 PM

+1 Boost

Little over the top veyron but I get your drift. He should get nothing, in fact he ows GM that much. Hopefully that money somehow makes his life miserable.

sector - 7/15/2009 8:50:05 PM

+2 Boost

tax money well spent :)