Recall Nightmare Means No Bonuses For GM Bosses, But Other Execs Rewarded For Financial Improvement

April 24, 2015 7:05 PM

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Recall Nightmare Means No Bonuses For GM Bosses, But Other Execs Rewarded For Financial Improvement

By all accounts, 2014 was an extraordinary year for General Motors General Motors. Despite a record 27 million recalled vehicles, GM’s underlying business operations showed improvement.

Not counting the cost of the recalls, GM did pretty well financially, considering the economic challenges it faced in Russia and South America. Adjusted earnings before interest and taxes were $6.5 billion, including $2.8 billion for the cost of the recalls and another $1 billion in restructuring co...

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