Will General Motors’s Top Institutional Shareholders Approve of This New Compensation Plan?

General Motors (NYSE:GM): The board of America’s largest auto company have changed up CEO Dan Akerson’s pay structure, to reflect the notion that he may retire within the next three years, when his long-term restricted stock vests. Akerson’s compensation — subject to federal review due to 2009′s bailout of the company — was raised 44 percent last year, to $11.1 million. That includes $1.99 million in restricted stock units that were earned as part of his 2011 compensation package and granted in 2012, the SEC filing said.

These institutional firms indicated owning shares of General Motors Corporation in Q1 2013. They reported owning a total of 170.493 million shares on 03/31/2013. The shares closed at $27.82 on 03/31/2013.

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Here are the ten largest positions in General Motors Corporation at the end of March 31st, 2013.

JPMorgan Chase & Co. held 35,243,085 shares on 03/31/2013 worth $980,462,614. This brought the portfolio total to 0.32%.

Vanguard Group Inc. held 23,957,498 shares on 03/31/2013 worth $666,497,587. This brought the portfolio total to 0.07%.

Blackrock Institutional Trust Company N.A. held 18,341,402 shares on 03/31/2013 worth $510,257,798. This brought the portfolio total to 0.1%.

Franklin Resources Inc. held 15,393,500 shares on 03/31/2013 worth $428,247,165. This brought the portfolio total to 0.25%.

State Street Corp. held 12,885,995 shares on 03/31/2013 worth $358,488,377. This brought the portfolio total to 0.05%.

Blackrock Advisors LLC held 8,026,662 shares on 03/31/2013 worth $223,301,734. This brought the portfolio total to 0.22%.

Blackrock Group Ltd held 5,356,284 shares on 03/31/2013 worth $149,011,819. This brought the portfolio total to 0.11%.

Lazard Asset Management LLC held 5,272,203 shares on 03/31/2013 worth $146,672,686. This brought the portfolio total to 0.33%.

Bank of New York Mellon Corp. held 4,636,923 shares on 03/31/2013 worth $128,999,196. This brought the portfolio total to 0.04%.

Morgan Stanley held 4,470,847 shares on 03/31/2013 worth $124,378,962. This brought the portfolio total to 0.06%.

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