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.
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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