GM CEO Mary Barra earned $22 million in 2017

by admin April 28, 2018 at 7:17 pm

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.

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