Friday, February 11, 2011

GM, Chrysler may give managers bonuses of up to 50%

DETROIT, Feb 10 (Reuters) - Less than 1 percent of General Motors Co's salaried employees in the United States typically receive annual bonuses of up to 50 percent or more, the automaker said in a statement late on Thursday.
GM's comments come after a Bloomberg report that GM and Chrysler Group LLC could award managers bonuses of up to 50 percent of their salary. The report cited people familiar with the matter....More

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