GM alters Akerson's pay mix because he may retire
The change has led some analysts to believe Akerson may retire earlier than he had planned. While speaking with Bloomberg, GM spokesperson Tom Henderson said, "We certainly wouldn't speculate on what he will actually do. That's up to him."
Akerson received $7.7 million in 2011 despite his actual pay target being closer to $9 million. If that seems steep, keep in mind his compensation falls well behind that of Ford CEO Alan Mulally, who brought home $21 million in compensation in 2012. GM is required to report changes to executive pay to the federal government.
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models