Rick Wagoner, the witless guy who (though he may be a livin' doll in person) brought GM to its knees, will walk away with a pension and handshake totaling $23 million. Mr. X (actually, its current operating chief) -- the new guy who will take over and try to save GM -- will likely be allowed .... $500,000 yearly.
If you own stock in GM or in pretty much any other large corporation in America, each year when you vote those shares you're given the increasingly popular option of limiting the CEO's salary. Companies have fought this option for years. Looks like "the people" (the real owners of large public corporations) may win in the end.
