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Sweet Surrender

New GM CFO Chris Liddell gets paid coming and going.

February 11, 2010

Chris Liddell made out well at both ends of his recent job transition from CFO of Microsoft to the same post at General Motors. Besides getting a boost to his base salary — $750,000 at GM, up from $561,667 in 2009 at Microsoft — Liddell also received from Microsoft a parting gift of $1.9 million. The sum, to be paid in two equal installments on December 31, 2009, and March 31, 2010, comes in exchange for promising not to sue or otherwise disparage Microsoft after his departure, the tech giant recently disclosed in its most recent quarterly filing with the Securities and Exchange Commission. Read more...

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