GM CEO Dan Akerson in a speech to the Economic Club of Washington, D.C. complained that GM needed to increase it's level of executive compensation to retain top talent. This is at the same time that the Obama-McConnell compromise is promising tax cuts for wealthy Americans and Federal employees are being subjected to a compensation freeze. Aside from demonstrating that Dan Akerson is not politically very adept, maybe he should wait until the current GM executive team (him included, who is making $9M/year) can demonstrate some results before bellying up to the compensation trough. My forecast for GM stock (above) does not predict a very bright future, at least through 2020.
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