Wagoner Gets Big Bucks on Way Out

Although bonuses are out of the question, what about retirement packages? Rick Wagoner, the CEO of GM who was ordered to step down by the White House yesterday, will be getting a cozy $20 million to help him cope with retirement. Wagoner presided over GM as it lost billions, accepted billions from taxpayers, and "announced plans to cut 47,000 employees by the end of 2009."