Budget cut's here, benefit's cut's there; it's nice to see that GM's CEO is willing to take a cut in salary for the good of the company (lol). According to a recent filing with the U.S. Securities and Exchange Commission, Rick Wagoner will be taking a wopping 25% pay cut annually down to $1.65 million. Give me a break Rick, if you want to show you're really concerned show us you can live on a modest $150,000 a year and I'll be a little more impressed. If you really want to man up, try living off the average us annual salary of around $35,000; I'm sure you won't be kicked out of your country club, but then again you'd be a member of the thousandaire's club at that point. It's reported that the salary cut is part of his effort to help in GM's turnaround, yet during 2006 he took home just short of 7 million. For those of you so upset that Toyota surpassed GM last month, maybe your friends who lost their jobs should be more disturbed by that sobering fact than who makes the better vehicle.