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General Motors CEO gets raise following automaker's record profits

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General Motors Chairman and CEO Dan Akerson listen to question from media during opening ceremonies of the GM - UAW Contract Negotiations at
General Motors Chairman and CEO Dan Akerson listen to question from media during opening ceremonies of the GM - UAW Contract Negotiations at

DETROIT (WKZO) -- General Motors' CEO Don Akerson is getting a pay raise following record sales at the automaker.

Akerson will earn total compensation of 7.7-million dollars for 2011.  That's up about five-million dollars from the year before.  Akerson took over GM's top job about two years ago.  He has guided the once bankrupt car-maker to record profits.

General Motors reported a profit of over nine-billion dollars last year.  GM also reclaimed its global sales crown, selling over nine-million vehicles worldwide.

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