It sounds like they split the difference.
Former GM CEO Rick Wagoner was due to collect some $20 million on his retirement, but, you know, it doesn’t look so good to get $20 million from a bailed-out ocmpany after it collapsed during your time at the top.
So what to do? Take $8.2 million instead. It’s still quite a fat retirement, but not 8-digits fat, and the story maybe makes some waves for a day or two. Problem solved.
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