General Motors Corp. CEO Rick Wagoner earned $10.2 million in 2006, a year in which the automaker continued to lose money and market share but managed to trim billions in losses.
GM lost $2 billion in 2006, a more than $8 billion improvement compared to its restated $10.4 billion loss in 2005.
For the first time in 76 years, GM this week lost its claim to being the world's largest automaker when Toyota Motor Co. surpassed GM in sales for the first quarter of 2007.
GM also said the majority of Wagoner's compensation was tied to future performance.