GM CEO Mary Barra to be Paid about $14.4M in 2014

GM CEO Mary Barra to be Paid about $14.4M in 2014

General Motors has announced that it expects to pay its new CEO Mary Barra about $14.4 million this year.

Barra will have a salary of $1.6 million this year with short-term incentives of $2.8 million and long-term compensation of $10 million. Former CEO Dan Akerson was paid approximately $9 million in 2012, though the American automaker hasn’t disclosed what Akerson received last year.

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The announcement closes speculation that GM would be paying Barra less than her predecessor, as in fact she will make roughly 60 percent more than Akerson.

“As a new CEO, Mary’s total compensation is in line with her peer group and properly weighted so that most is at-risk,” GM Chairman Tim Solso said in a statement. “The company’s performance will ultimately determine how much she is paid.”

[Source: Automotive News]

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