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DETROIT – General Motors Co. CEO Dan Akerson conventional rectification of meet over $2.5 meg terminal year, mainly for his four months as the company's crowning executive.

Akerson took over the helm at GM as it enwrapped up a important year. GM returned as a publicly-traded company, attained its prototypal period profit in eld and accumulated U.S. sales.

Since he served as CEO for exclusive conception of 2010, his rectification was such smaller than another crowning GM executives, including his predecessor, Ed Whitacre, whose clear collection was worth meet over $5 million. Akerson, 62, served on GM's commission prior to succeeded Whitacre on Sept. 1, 2010.

Akerson got a salary of $566,667, have awards valued at $1.77 meg and another rectification of $194,088. His 2010 rectification was unconcealed weekday in a restrictive filing.

Akerson replaced Whitacre meet digit months before the company's initial public substance in November. GM's commission wanted a cheater for longer than Whitacre was willing to stay.

Akerson's another rectification included $153,000 in clear for serving a flooded assemblage on the board, as substantially as $13,000 in change expenses, $6,740 for section and meet over $10,000 for consort vehicles.

For the flooded assemblage of 2011, Akerson's clear collection module be larger. GM has said that he module get salary and have worth $9 meg annually.

Still, that's dwarfed by the $26.5 meg conventional by Alan Mulally, CEO of Ford Motor Co., GM's biggest competitor.

Former Vice Chairman and Chief Financial Officer Chris Liddell was GM's highest-paid chief terminal assemblage with a collection worth $6.2 million. He left the consort April 1 after existence passed over when Akerson replaced Whitacre.

Whitacre's rectification included a salary of $1.1 million, $3.5 meg in have awards and another rectification of over $336,000. The another rectification included $300,000 for serving the flooded assemblage as chair and $13,000 each for life shelter and the consort vehicle program.

The U.S. polity has limited the turn of change GM can clear its crowning 25 executives because the consort ease hasn't full repaid its bailout money. The polity has said change payouts can't be accumulated this year, but the companies are existence allowed to increase delayed have awards to their executives.

GM pulled off a important turnaround in 2010 after emerging from insolvency protection the assemblage before. It went from losing more than $80 1000000000 in the five eld before its insolvency and needing a polity bailout to earning $4.7 1000000000 in 2010. It also became a publically traded have again in Nov and accumulated U.S. income by 7.2 percent terminal year.

GM also said in Thursday's filing that its period shareholders gathering would verify place on June 7 in Detroit.

The Associated Press instruction calculates an executive's turn rectification during the terminal business assemblage by adding salary, bonuses, perks, above-market welfare the consort pays on delayed rectification and the estimated continuance of have and have options awarded during the year. The AP instruction does not calculate changes in the inform continuance of grant benefits. That makes the AP turn slightly different in most cases from the turn reported by companies to the Securities and Exchange Commission.

The continuance that a consort appointed to an executive's have and choice awards for 2010 was the inform continuance of what the consort due the awards to be worth to the chief over time. Companies use digit of several formulas to calculate that value. However, the sort is meet an estimate, and what an chief ultimately receives module depend on the action of the company's have in the eld after the awards are granted. Most have rectification programs require an chief to move a given turn of instance to receive shares or training options.

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