PAYDAY: GM's Rick Wagoner Drives Away with $20M Retirement

Last November, ABC News cameras spotted Wagoner in Washington, D.C. arriving on GM's $36 million luxury aircraft. He had come to the nation's capital to tell members of Congress that the company was burning through cash, and needed over $10 billion in U.S. taxpayer funds to stay afloat.

In a followup visit to Washington in December, Wagoner arrived in a Chevy Malibu hybrid. GM announced plans to sell its corporate luxury jet fleet that same month.

Scott Mayerowitz and Zunaira Zaki contributed to this story.

Contributor Michelle Leder writes at the financial blog footnoted.org.

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