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US authorities released details Wednesday of salary cap exemptions to bailed-out firms including General Motors and Chrysler, citing exceptions where needed to attract or retain "talented" executives.
New GM chief financial officer Chris Liddell, who came from Microsoft, was among those exempted, with an approved salary of 750,000 dollars annually, according to documents released by the US Treasury.
Lidell will also have the possibility of earning 5.45 million dollars in stock,