DETROIT — General Motors Corp. Chairman and CEO Rick Wagoner's compensation package for last year is valued at $15.7 million.
That's 64 percent more than 2006 when the package was worth $9.57 million.
GM spokeswoman Julie Gibson says much of the increase is stock incentive awards that are based on future performance.
Wagoner earned $1.56 million in salary and no bonus last year, but he received $1.8 million in incentive awards and stock options valued at $11.7 million.
GM lost a record $38.7 billion in 2007, largely due to a charge for unused tax credits. Without the charges and other one-time items, the company lost $23 million.