Rick Wagoner Rewarded With $20 Million Retirement Package

By
Matt Hardigree
Comments (24)
We may earn a commission from links on this page.

Those of you feeling bad for former GM CEO Rick Wagoner, who was deposed of at the White House's behest, may cheer up at the news he qualifies for $20 million in retirement benefits.

Suggested Reading

Who Played The Stig On Top Gear (Was It Really Michael Schumacher?)
Audi Dakar Rally Car Tossed In Illegal Czech Dump
Elon Musk Is Planning To Bring His Useless Underground Loop To Dubai
It's Time To Discontinue The Model S | Jalopinions
Subtitles
  • Off
  • English

Suggested Reading

Who Played The Stig On Top Gear (Was It Really Michael Schumacher?)
Audi Dakar Rally Car Tossed In Illegal Czech Dump
Elon Musk Is Planning To Bring His Useless Underground Loop To Dubai
It's Time To Discontinue The Model S | Jalopinions
Subtitles
  • Off
  • English

Those of you who felt it was a long time coming may find the news a little disappointing. ABC News pulled no punches:

Under Wagoner's leadership, GM lost tens of billions of dollars, took billions in taxpayer-financed aid, and announced plans to cut 47,000 employees by the end of 2009

Advertisement

Related Content

Republican Senators Introduce Bills To Kill The EV Tax Credit And Add On A $1,000 Tax To Electric Cars
This 87-Year-Old Mercedes Bus Was A Mobile Post Office With The Wildest Front Overhang I've Ever Seen

Related Content

Republican Senators Introduce Bills To Kill The EV Tax Credit And Add On A $1,000 Tax To Electric Cars
This 87-Year-Old Mercedes Bus Was A Mobile Post Office With The Wildest Front Overhang I've Ever Seen

[ABC News]