GM Hires New CFO From Microsoft, Could Become New CEO

December 24, 2009

Earlier this week, Nelson Ireson reported on General Motors' hiring of Chris Liddell as the company's new chief financial officer. (Liddell replaces former CFO Ray Young, who's been made GM's vice president of international operations.) Today comes word of Liddell's starting salary, which will ring in at $750,000, with the possibility of an additional $5.45 million in stock if GM launches a successful IPO in 2012.

Kudos to GM for getting special dispensation to surpass the federal government's $500,000 salary cap -- and for successfully hiring Liddell away from Microsoft, where he was making $2.4 million a year. But rumor has it that Liddell is quietly being eyed as a potential new CEO for GM -- which could mean another appeal to the feds to bring Liddell's salary closer in line with former CEO Fritz Henderson's annual package of nearly $5.5 million.

[MSNBC via egmCarTech]

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