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GM to Pay New CEO Akerson $1.7 Million Cash a Year

General Motors Co., the largest U.S. automaker, will pay new Chief Executive Officer Dan Akerson $1.7 million in cash annually, plus $5.3 million in stock over the next three years.

Akerson, 61, also will receive $2 million in restricted stock as part of the company’s long-term incentive plan, Detroit-based GM said today in a regulatory filing.