GM Bullish, Boosts Exec Compensation; Smith Paid Record $12.2M

Background
Old Econ­o­my automak­er GM has 70M own­ers in U.S., 8M buy­ers of new GM vehi­cles a year world­wide
GM sees this as “rolling plat­form” for new com­mu­ni­ca­tions prod­ucts & relat­ed sub­scrip­tion fees
H-stock split, e-com­merce opti­mism recalls for­mer GM Chair­man Roger B. Smith’s pur­chase of Hugh­es in ’85
Hugh­es satel­lites make pos­si­ble host of new online prod­ucts head­ing for GM vehi­cles (& automak­ers buy­ing in)