Mary Barra, GM's First Female CEO, Will Earn $14.4 Million In 2014
Huffington Post - about 4 years
DETROIT, Feb 10 (Reuters) - General Motors Co's Mary Barra, the auto industry's first female chief executive officer, will be paid $14.4 million in cash and stock this year, 60 percent more than her predecessor, the automaker disclosed on Monday.
GM had previously said Barra, 52, would receive up to $4.4 million in cash and stock compensation this year, but that amount did not include what she would receive under the company's long-term compensation plan, which totals $10 million.
The long-term portion is subject to shareholder approval at the company's annual meeting in June. GM said Barra's total is an increase of 60 percent over her predecessor, Dan Akerson, who stepped down last month.
GM said it was releasing the figures ahead of its proxy filing in April "to correct misperceptions created by comparisons that used only a portion of Barra's overall compensation."
"As a new CEO, Mary's total compensation is in line with her peer group and properly weighted so that most is at...
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