New GM CEO Mary Barra to be paid up to $4.4 million this year

Article by Anita Panait, on January 20, 2014

New General Motors chief executive Mary Barra will receive up to $4.4 million in cash and stock compensation this year, the carmaker disclosed in a filing with the United States Securities and Exchange Commission. However. GM’s compensation package for Barra does not include what she and other executives will receive under the carmaker’s long-term compensation plan that is subject to shareholder approval in June.

GM intends to reveal details of the long-term compensation plan in April. GM said in the SEC filing that Barra will receive an annual cash base salary of $1.6 million and will be eligible for $2.8 million under the carmaker’s short-term incentive plan.

In 2012, GM paid former CEO Dan Akerson $11.1 million, including $1.7 million in cash and $7.3 million in stock and other incentives. GM has yet to disclose Akerson’s compensation in 2011. Akerson’s 2012 compensarion figure also reflected $2 million in restricted stock units he received in 2011.

GM also revealed that new President and former chief financial officer Dan Ammann will receive just over $2 million – with a cash base salary of $900,000, Ammann will also be eligible for $1.125 million under the short-term plan, according to the SEC documents.

New CFO Chuck Stevens will get an annual cash base salary of $700,000 and will be eligible for $875,000 under the short-term plan. All three GM executives also will participate in the benefits plan currently available to the carmaker executives. GM also disclosed in the filing that Akerson and former Vice Chairman Steve Girsky will remain as senior advisers to the company on an interim basis.

Topics: gm, ceo, mary barra

If you liked the article, share on:

Comments

Recommended

Hyundai is introducing a new 2018 Accent that is not only wider and longer, but is now also sporting a new look that is more serious than the previous model....
by - February 20, 2017
Fans and enthusiasts of the BMW M2 in the United States could now rejoice. This comes as their favorite BMW M2 is getting a limited edition version as prepped by...
by - February 20, 2017
Carmakers usually leave us thirsty for information on whether they would introduce a new, refreshed or face-lifted vehicle and on when they intend to launch it. There are reasons for...
by - February 20, 2017
Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries