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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (1586)	4/21/1999 6:59:00 PM
From: porcupine --''''>	Read Replies (1) \| Respond to of 1722

[GM's CEO's cash pay down in 1998, but # of options awarded rises:] Top executives at GENERAL MOTORS CORP took a pay cut in 1998 after a paralyzing strike cost the world's largest automaker an estimated $2.4 bln last year, the company said. GM Chairman and Chief Executive Officer Jack Smith took home $4.79 mln in cash compensation last year, down from $5.38 mln in 1997, the Detroit automaker said in its annual proxy statement. GM also awarded Smith 300,000 common stock options valued at $3.69 mln last year. In 1997, Smith was granted 275,000 common stock options in GM valued at $3.86 mln. In addition, Smith exercised stock options last year granted in the past worth $3.93 mln, up from $1.8 mln in 1997. (Reuters)