Reports are coming in that Mary Barra, the first female leader of a major automaker, will make $14.4 million this year, some $10 million more than previously reported and over $3 million more than her predecessor, Dan Akerson, made in 2012. In fact, it's 60 percent more than Akerson made in 2013, according to TheDetroitBureau.com.

Previous reports claimed Barra's base salary was a respectable $1.6 million, which was $100K less than what Akerson made in his final year as CEO of General Motors, although it's still nothing to sneeze at. In addition, Barra, who was just named Fortune Magazine's Most Powerful Woman in Business, was eligible for up to $2.8 million as part of a short-term incentive plan.

The extra $10 million would come from a long-term compensation plan, according to Bloomberg. Whether Barra will see any of that money is ultimately up to the shareholders, though, who hold final approval. "As a new CEO, Mary's total compensation is in line with her peer group and properly weighted so that most is at-risk," Tim Solso, GM's chairman said in a statement. "The company's performance will ultimately determine how much she is paid."

As for why GM is releasing this information now, rather than when it released Barra's salary figures back in January, the company said this in a statement: "The company released the full figures ahead of its proxy filing in April to correct misperceptions created by comparisons that used only a portion of Barra's overall compensation."


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  • 37 Comments
      Kay Vee
      • 10 Months Ago
      I can't say that I agree with the amount of money CEO's of large companies have been getting paid over the past decade or so. Though it isn't all that unreasonable for them to get paid substantially more than more traditional staff. What bothers me more are the bonuses they've been receiving, which rather rule than exception, far exceed their regular salary. As someone else mentioned on another site regarding this topic : nothing's wrong with bonuses, but they should be a percentage of the actual salary, like a pad on the back. The salary shouldn't be a percentage of the bonuses they can make. It is ridiculous that they can catch 10 million dollar bonuses. On the same note, why don't the more traditional employees share in the profits? I mean, you have companies making say 5 billion $ profit, of which 4.5 bn goes to the shareholders. I think companies should be obligated to take at least 50% of their profits and divide it equally among all their employees, disregarding what country or position they're in. With the sole exception of employees that have separate bonus arrangements, such as CEO's. A bit like what they do over at Porsche, and MB. But even more extensively.
        citroen_2cv
        • 10 Months Ago
        @Kay Vee
        True, efforts and rewards fairly distributed sounds right, specially in the times we live.
      jesscott
      • 10 Months Ago
      Governement Motors joins the ranks of paying CEO's 20x the rate of a line worker...Whoo Hoooo More interesting is who's NOT reporting this story?
        richard
        • 10 Months Ago
        @jesscott
        "Government?" Motors?
          jesscott
          • 10 Months Ago
          @richard
          The spell check and grammar police are always on top of stuff. Thanks for your observation dude. You could have looked into it and found I was wrong about the 20x, it's more like 23x. But that's ok, you concentrate on my horrible typing skills as that's what is really important.
        OptimusPrimeRib
        • 10 Months Ago
        @jesscott
        Only 20 times? The average fortune 500 company CEO makes 251 times more than lowest pay rate in the company. But I guess Fox News didn't telly you that huh?
          fidelgronez
          • 10 Months Ago
          @OptimusPrimeRib
          $14.4 million divided by 23 is $626,000. Not bad for a year's hard work! Not bad at all! I'm not sure where the 23X came from, but I'm guessing it was supposed to be 230X. I just find it funny that we were supposed to feel sorry for this lady at some point. If everyone felt bad because someone made more money there would only be one happy person in the world.
      Kuro Houou
      • 10 Months Ago
      It's just insane what ceo's are paid. Do they really think they work hundreds of times harder then the majority of their employees? These crazy CEO salaries should be capped at 1 million a year.
        nocommie11
        • 10 Months Ago
        @Kuro Houou
        It's not about the hours they work or even effort (although they put in a lot) but what VALUE they bring to the company via business and government connections, leadership style, and confidence they show to the market. If you want to make that much money, make yourself just as valuable, otherwise... I'll take fires with that.
          Super D Spamalot
          • 10 Months Ago
          @nocommie11
          And the value of the average worker is 280x less then the CEO, is it? How many cars would GM sell without skilled tradesmen? Assembly line workers? HR/Accounting Staff? IT Staff? There is no possible way a single person could bring 280x the value of any single one of those people. Should they paid more then the average worker? Absolutely. Cap CEO pay to 20x the salary of all non-management workers, and their still being compensated more in a year then a average person makes in 20. Read that carefully... WHAT THEY MAKE IN --20-- YEARS. If you can honestly tell me that's not fair, then you're either rich, or you're rooting for the wrong team. When someone manages to build a company that makes 14 million in profit a year all on their own without anyone else's help, THEN they can make 14 million a year. THAT is fair.
          Terry Actill
          • 10 Months Ago
          @nocommie11
          I normally don't care for what you say nocommie11, but you are on the money with that.
        x19x19
        • 10 Months Ago
        @Kuro Houou
        You should have a place in Obama's cabinet. He would love you. Don't you think Mulally has deserved what he has earned, based what he has done for Ford?
      Level4
      • 10 Months Ago
      doesn't matter how qualified she is as long as she makes more money then a man it's all good...Gotta love this country lol
        Larry Litmanen
        • 10 Months Ago
        @Level4
        Normally i would be upset but this is GM we are talking about, she is not qualified and makes a lot of money, what can be better.
      Terry Actill
      • 10 Months Ago
      Who cares? It's more important for her to be a capable and innovative CEO that brings GM back to the forefront of American automobile manufacturing. If she can do that she is worth whatever it costs.
        m_2012
        • 10 Months Ago
        @Terry Actill
        Only matters if she can talk the government into another bailout.
          fran
          • 10 Months Ago
          @m_2012
          +1 to you, sir!
        Daniel D
        • 10 Months Ago
        @Terry Actill
        No one is worth a "whatever it costs'. There has to be a realistic cap put on any position.
          Larry Litmanen
          • 10 Months Ago
          @Daniel D
          "How can you cap pay at a corporation? They foot the bill, not you. If you dont agree, take your business elsewhere." Ummmmmmm REALLY?
      Neez
      • 10 Months Ago
      Left wing media at it again, trying drum up outrage that didn't actually exist. Focusing on disparity rather than prosperity. Either way, she's rich, but now they have to compare it to a man??
      Jake
      • 10 Months Ago
      She single? I will relocate.
        R3TRO
        • 10 Months Ago
        @Jake
        Sorry: "She is married to consultant Tony Barra, whom she met while studying at Kettering University, and has two children."
          Jake
          • 10 Months Ago
          @R3TRO
          I am willing to be a toy on the side for money.
      m_2012
      • 10 Months Ago
      She should send the PR department a NICE xmas gift for getting her such a big raise! I am sure they hammered the chair that this was bad PR to pay her less than Hackerson.
      Larry Litmanen
      • 10 Months Ago
      Nice, she will be making almost as much as LeBron James.
      NewTexian Brewery
      • 10 Months Ago
      WGAF
      fran
      • 10 Months Ago
      'Murica!
      icemilkcoffee
      • 10 Months Ago
      Wouldn't the 'long term compensation' be vested over a span of several years? Why are they lumping it in with this year's compensation?
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