GM CEO Mary Barra earned $22 million in 2017
Barra’s compensation was disclosed Friday in a U.S. regulatory filing.
General Motors CEO Mary Barra earned about $22 million in 2017, a slight decline from the previous year due to higher performance targets.
Her total pay for 2017 fell 2.8 percent, or $624,011, from the nearly $22.6 million she was awarded for 2016.
Barra’s compensation, disclosed Friday in a U.S. regulatory filing, included a $2.1 million base salary, up $100,000; $5 million in short-term incentives, down from $6.8 million; and $10.7 million in performance-based stock grants, down about $2.3 million from 2016.
Compensation for GM’s other top executives slid slightly across the board — an average of nearly $650,000 — mainly due to not exceeding performance targets as much as in 2016 and changes to pension values.
- President Dan Ammann: $9.3 million (down $965,666)
- Vice President Global Product Development, Purchasing and Supply Chain Mark Reuss: $7.7 million (down $686,153)
- CFO Chuck Stevens: $7.1 million (down $502,046)
- North America President Alan Batey: $6 million (down $440,036)
Barra’s total compensation last year was about $5.2 million more than Ford Motor Co. CEO Jim Hackett, who became CEO in May.