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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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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