GM Halves Dividend, Cuts Exec Salaries

Okay, so with the volume of e-mail we've been receiving on the subject, we'd be remiss to report this tiny tidbit of news, but then again, most of all y'all who'd actually care probably know by now. Here 'tis anyway: GM has chopped its dividend as well as Rick Wagoner's salary in half, slashed other exec salaries by 30% (including Lutz's), frozen retiree benefits at 2006 levels, and essentially tied a tourniquet around its own neck. The trick is, will the company stop bleeding before it stops breathing? Stay tuned.

General Motors to halve dividend [Internal]

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