Former GM Chairman and CEO Rick Wagoner — ousted by President Barack Obama in March — will collect an $8.2 million exit package, plus a $74,030 annual pension, according to a filing Tuesday with the U.S. Securities and Exchange Commission.
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In the frantic last weeks before Chrysler LLC was forced Thursday by the U.S. government to file for bankruptcy protection, it sought suitors from around the world.
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General Motors Corp. Chairman and Chief Executive Officer Rick Wagoner is stepping down after being asked by the Obama administration to relinquish his position at the helm of the largest American automaker, people familiar with the situation said Sunday.
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