No Bonuses for GM Executives

  • Playlist
  • Download
  • Embed
    Embed <iframe src="http://www.npr.org/player/embed/9204325/9204328" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

Sales at General Motors were up last year, but according to The New York Times, the increase was not enough to earn bonuses for GM's top managers, because the company still came up $2 billion short of making a profit. It's the second consecutive year that GM executives won't be getting cash bonuses or stock options.

RENEE MONTAGNE, host:

In business news, GM executives won't be rewarded for making things better.

(Soundbite of music)

MONTAGNE: Sales at General Motors were up last year, but that increase was not enough to earn cash bonuses for GM's top managers. That's because the company still came up $2 billion short of making a profit. Last year, GM's top executives took pay cuts, and this is the second year in a row they won't be getting bonuses.

Copyright © 2007 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.