pAfter eight consecutive years as the highest-paid Detroit Three CEO, Barra's compensation trailed the $39 million Stellantis shareholders approved for Carlos Tavares./p
General Motors awarded CEO Mary Barra compensation worth $27.8 million in 2023, 3.9 per cent less than she got the previous year as the automaker's stock price and other long-term metrics fell short of targets.
Barra's $2.1 million salary, $14.6 million in stock awards and $4.9 million in options were unchanged from 2022, according to a Wednesday filing with the U.S. Securities and Exchange Commission. She and other top executives received lower incentive payouts because GM underperformed on goals related to electric and autonomous vehicles, even as it surpassed earnings and cash flow targets, Compensation Committee Chair Wesley Bush said in the filing.
After eight consecutive years as the highest-paid Detroit Three executive, Barra's compensation trailed the €36.5 million that Stellantis shareholders approved this month for CEO Carlos Tavares. Barra is also the only one of the three automakers' leaders to not get a raise in 2023, as Ford Motor Co. bumped Jim Farley's compensation up 26 per cent to $26.5 million.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GM will be executing on its EV ambitions in 2024, says CEO Mary BarraGeneral Motors chair and CEO Mary Barra tells Yahoo Finance this is the year of executing on big goals.
Read more »
GM's Mary Barra on leading through crisisGeneral Motors (GM) Chair & CEO Mary Barra has overcome a host of issues over her 10 years as leader of the 100-year-old plus company. At the time Barra took...
Read more »
GM's Mary Barra on winning over shareholdersGeneral Motors (GM) Chair & CEO Mary Barra has overcome a host of issues over her 10 years as leader of the 100-year-old plus automaker. At the time Barra...
Read more »
GM's Mary Barra is going all in on EVsContrary to other automakers, who in response to slowing consumer demand are scaling back plans to convert their car and truck lineups to all-electric...
Read more »
GM CEO Barra compensation fell 4% in 2023 to $27.8 millionGeneral Motors CEO Mary Barra's total compensation in 2023 fell 4% to $27.8 million, the largest U.S. automaker said Wednesday. The Detroit automaker also...
Read more »
St. Mary's Boat Club: part of Halifax's heritageExplore stories from Atlantic Canada.
Read more »