Updated: April 25, 2014 11:29 AM | By Tom Krisher, The Associated Press, thecanadianpress.com

GM awarded former CEO Akerson about $9M in 2013



DETROIT - Former General Motors CEO Dan Akerson's compensation fell 18 per cent last year to just over $9 million. The company attributed the decline to the timing of stock awards.

Akerson retired in January. He earned $1.7 million in salary last year, the same as in 2012. But his stock awards fell by almost $2 million to $7.3 million. Spokesman Tom Henderson says Akerson's short-term stock awards were bumped up in 2012 in anticipation of his 2014 retirement. He gave up some long-term stock awards when he retired.

Akerson's replacement, Mary Barra, received just over $5.2 million last year as product development chief, up 12 per cent from 2012. GM says she'll get a package this year worth $14.4 million.

The company disclosed the compensation packages Friday in its annual proxy statement.

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