Photo: General Motors
General Motors CEO Mary Barra will earn about $14.4 million this year, the Detroit-based company revealed earlier this month in response to reports speculating on her compensation.
According to Automotive News, Barra will be paid a salary of $1.6 million, short-term incentives of $2.8 million and long-term compensation of $10 million. This means the 52-year-old will earn 60 percent more than her predecessor, Dan Akerson, who was paid $9 million in 2012.
"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."
Mary Barra, who spend her entire career at General Motors, was named GM on January 15, replacing former boss Dan Akerson. Recently, Barra was ranked as the most powerful woman in business by the Fortune magazine.
Story via AutoNews
"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."
Mary Barra, who spend her entire career at General Motors, was named GM on January 15, replacing former boss Dan Akerson. Recently, Barra was ranked as the most powerful woman in business by the Fortune magazine.
Story via AutoNews
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