GM CEO Mary Barra Collected Nearly $22 Million in Total Compensation for 2017
It was a good year financially for General Motors Chairman and CEO Mary Barra, who received $21.96 million in total compensation for 2017.
That’s down 2.8% from the $22.58 million that Barra made in 2016, but according to GM, it’s still about 295 times as much as the company’s median worker was paid.
In 2014, Barra made history when she was named the auto industry’s first female CEO. Her 2017 pay included a $2.1 million base salary, $4.96 million from a nonequity incentive plan, and $14 million in stock awards.
GM also spent about $168,000 on charter air travel and $12,000 on security for Barra.
Under Barra, GM brought in profits of $12.8 billion in 2017. However, the automaker ended up with a net loss of $3.9 billion due to tax law adjustments and the sale of its European business.
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How does Barra’s compensation compare to the other Detroit Three CEOs? Former Ford CEO Mark Fields made $21 million in 2017. New Ford CEO Jim Hackett didn’t take over until May, but still received $16.73 million. Fiat Chrysler CEO Sergio Marchionne made $12 million, but FCA reports its executive salaries differently and doesn’t include certain stock and performance-based awards.
Here’s how much other top GM executives made in 2017:
- Dan Ammann, president, made $9.26 million in total compensation.
- Mark Reuss, executive vice president of global product development, purchasing, and supply chain, got $7.7 in total compensation.
- Chuck Stevens, executive vice president and chief financial officer, earned $7.1 million in total compensation.
- Karl-Thomas Neumann, former executive vice president and president of Europe, earned $6.89 million in total compensation.
- Alan Batey, executive vice president and president of North America, received $5.98 million in total compensation.
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