Potential GOP gubernatorial candidate Rick Snyder has come under fire for shipping thousands American jobs overseas while making a big payday.
Race for Michigan sources have uncovered evidence that Snyder took compensation of $1.8 million for his six months of service as interim CEO of computer manufacturer Gateway, Inc in 2006. That amount is based upon Securities and Exchange Commission filings indicating that Snyder was paid a $500,000 salary and 600,000 shares of Gateway stock for his six months of service.
Prior to being named Gateway’s interim CEO, Snyder had served as a member of its Board of Directors, Executive Vice-President and Chief Operating Officer. During Snyder’s tenure on the Gateway Board, US employees were slashed from a high of 21,200 in 2000 to a mere 1,700 jobs in 2006.
Look for Snyder to answer charges of corporate waste and abuse as he considers a run for CEO of the State of Michigan in 2010.