Attorney Cary L. Flitter
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Thu, 03/04/2010 - 23:30 — Consumers Law
GMAC seems to always be at the center of bankruptcy rumors. So how on earth does it explain this (via NYT) ...
GMAC Chief Gets $1.2 Million in Pay for 45 Days’ Work
GMAC, the auto and home lender, has not reported a profit since 2008. But it gave its chief executive, Michael A. Carpenter, a pay package rivaling that of Lloyd C. Blankfein, chief of Goldman Sachs, the nation’s most profitable securities company.
GMAC paid Mr. Carpenter about $1.2 million in salary and restricted stock last year for a month and a half of work. That is equivalent to full-year pay of $9.5 million, according to a regulatory filing on Monday. Goldman Sachs paid Mr. Blankfein $9.6 million for 2009.
610-822-0789 local
888-668-1225 toll-free
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Cary L. Flitter, Esq.
Lundy, Flitter, Beldecos & Berger, P.C.
450 N. Narberth Ave.
Narberth, PA 19072
In New Jersey:
Five Greentree Centre
Suite 302
Marlton, NJ 08053
Phone: 856-338-1300
Fax: 856-338-1288
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