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GENERAL MOTORS OUTLINES PROXY PROVISIONS

 DETROIT, April 13 /PRNewswire/ -- The 1993 General Motors proxy asks stockholders to support recommendations by the GM board of directors to elect 14 standing members for another term; ratify the selection of Deloitte & Touche as independent auditors; and reject eight other proposals -- three of which are essentially the same as items previously rejected by GM stockholders.
 Three long-service members of the GM board will not be standing for reelection. Former chairman Roger B. Smith resigned from the board last week. Marvin L. Goldberger and Leon H. Sullivan will leave the board under provisions of GM's director retirement policy. If all 14 nominees are elected, the new GM board will consist of 12 outside directors and two officers of the corporation.
 The proxy also confirmed that GM's 1992 corporate performance was well below the level required to provide annual incentives to eligible executives. Executive vice presidents Louis R. Hughes and G. Richard Wagoner, Jr., members of GM's top management team, did qualify for awards based on the results of the international business sectors each one managed before being promoted to the President's Council last November.
 Cumulative corporate performance for the period 1989-1992 also failed to reach the minimum levels required to generate a payout under the Performance Achievement Plan (PAP) and, thus, no final awards were granted.
 The proxy also detailed compensation for John F. Smith, Jr., who was promoted to chief executive officer and president last fall. His 1992 earnings compared with his 1991 compensation as vice chairman were:
 Salary Bonus PAP Payment 1992 Total 1991 Total
 $748,000 -- -- $748,000 $575,000
 Proxies will be voted at GM's annual meeting scheduled to be held in Oklahoma City on May 21, 1993.
 -0- 4/13/93
 /CONTACT: William B. Winters, 212-418-6380, or Mark A. Tanner, 313-556-2019, both of General Motors Corporation/
 (GM)


CO: General Motors Corporation ST: Michigan IN: AUT SU:

SB-TS -- NY050 -- 5234 04/13/93 12:35 EDT
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Publication:PR Newswire
Date:Apr 13, 1993
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