The board also established an annual incentive plan target of $3.52 million and a long-term incentive opportunity of a grant of 165,563 shares of GM common stock for Wagoner. In addition, he will receive 500,000 stock options and 75,000 restricted stock units. The stock options will vest over a three-year period. The restricted stock units will vest one-third in three years and become fully vested in five.
• The board raised Henderson’s salary to $1.8 million. Henderson earned $1.3 million as CFO last year, after earning $1.55 million in 2006. This year, Henderson will be eligible to earn $2.43 million through the annual incentive plan. His long-term incentive opportunity will be a grant of 110,376 shares of GM common stock. In addition, he will receive 250,000 stock options and 60,000 restricted stock units. The stock options will vest at the same rate as Wagoner’s

Besides those increases supposedly deserved for the wonderful performance this year (For all of 2007, GM posted a loss of $38.700 million the biggest ever for an automaker) now the management is getting a bonus trip to Orlando Fla this eastern where they will be surely really worried about next job cuts and those stubborn workers that do not distinguish between production and productivity or don't understand that GM-GMS is the tool to win. Only point is that I'm not quite sure that 5.000 workers less in Europe will afford for that