Don't Cry For Me, GM'tina

Daily Kos Staff

Tuesday March 31, 2009 · 10:02 AM PDT

2009/03/31 · 10:02

In the wake of the new tough-love policy for GM and Chrysler announced yesterday by President Obama, much has been made of the forced retirement of General Motors CEO Rick Wagoner, with Michigan Governor Jennifer Granholm calling him a "sacrificial lamb" ... please, sacrifice me next!

Upon his departure, Wagoner becomes eligible for both a "Salaried Retirement Plan" and an "Executive Retirement Plan" with General Motors. The combined value of the plans at the end of last year was $20.2 million, a GM spokesperson confirmed.

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