* GM CEO: Need 'some relaxation' in pay restrictions
* Akerson: GM starting to lose talent because of pay caps
WASHINGTON, Dec 10 (Reuters) - General Motors Co Chief
Executive Dan Akerson said on Friday that the automaker is
seeking "some relaxation" in the restrictions on executive pay
imposed by the U.S. government.
"We have to be competitive and retain talent," Akerson said
in response to a question at the Economic Club of Washington,
D.C. "We're starting to lose them now."
Akerson, who guided GM through the November initial public
offering of shares that reduced the U.S. Treasury's stake to
about 33 percent from 61 percent of the top U.S. automaker,
said he would meet with the U.S. Treasury's special paymaster
Friday to discuss the issue of executive compensation.
(Reporting by John Crawley; writing by Kevin Krolicki, editing
by Gerald E. McCormick)
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