Pay packages for CEOs overall grew for the fifth straight year in 2014, driven by a rising stock market that pushed up the value of executive stock awards. Six of the 10 highest-paid CEOs last year worked in the media industry.
Orders to U.S. factories for long-lasting manufactured goods fell slightly in April. But a category that reflects business investment climbed for a second month, a hopeful sign that the key sector is starting to revive.
GM previously said it was considering upgrading the truck assembly plant to build its next generation of pickup trucks. The Allen County Council voted in October to approve a 10-year tax abatement that would save GM more than $15 million on a possible $1 billion investment in equipment and related improvements.
Juan Pablo Montoya will receive $2,449,055 for his Indianapolis 500 victory on Sunday. The Colombian driver's earnings were part of a $13,397,315 overall purse announced at the annual victory banquet Monday.
Despite a finish in which several drivers had a shot, there was little doubt that the winning team would either be Team Penske or Chip Ganassi Racing. Their drivers dominated the field and led 193 of 200 laps.