General Motors CEO Mary Barra Made ‘Only’ $22 Million Last Year

General Motors might be revising some of its plans right now, what with firing Cadillac’s CEO for failing to achieve the desired results, yet its chief executive earned no less than $22 million in 2017.

According to Automotive News, that’s actually less than Mary Barra made the year before. Specifically, $624,011 less – or about enough to buy five Corvette ZR1s. But her take-home was still over $5 million more than what Ford CEO Jim Hacket made last year.

Barra’s compensation, according to regulatory filings cited by AN, starts with a $2.1-million base salary. That was up $100k from the previous year. She also got $5 million in short-term incentives (down from $6.8 million in 2016) and $10.7 million in performance-based stock grands (down by $2.3 million).

Mary Barra took over as CEO at General Motors in 2014, when she was promoted from executive vice president of product development, purchasing, and supply chain. She added the role of chairman, or chairperson more accurately in 2016.

The head honcho wasn’t the only GM executive to bring home (relatively) less bacon last year than the year before. Her top lieutenant, president Dan Ammann, was paid $9.3 million (down by $965,666). Vice president Mark Reuss got $7.7 million (down $686,153). CFO Chuck Stevens was paid $7.1 million (down $502,046) and North American regional president Alan Batey earned $6 million (down $440,036).

Those are some pretty high salaries, and speak to the continued success of one of America’s largest automakers. Nice work if you can get it, we say. But getting it is anything but straightforward – and, as many have found out in the past, extremely susceptible to sudden changes.

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  • Liam Paul

    they all make way too much, how many workers of GM could live better if half her wages will split between all

    • SteersUright

      amen

  • smartacus

    Barra is the name of an island all the way up in The Highlands of Scotland.

    • Captain Nemo®™

      Barra is also the name of a now defunct Ford 4.0l inline 6 in Australia.

  • Six_Tymes

    its disgusting

    • SteersUright

      damn right…

  • SteersUright

    Disgusting overpayment of executives continues…

  • Bash

    Oh, so she is the poor one.

  • MarketAndChurch

    Maybe she’s worth it.

    • SteersUright

      Nope. Not a chance. No single person at any company is worth 1000’s of times more than all others. Take away $22million of GM’s labor force of $100k managers beneath Barra and see if it doesnt have a greater impact on GM than replacing her alone. Its a fallacy perpetuated by a small group of people to protect their excessive share of the productivity of the group effort that is any modern company.

      • MarketAndChurch

        How much should she have been payed then for the job of keeping GM profitable?

  • Craig

    A measly 22 million? That poor woman.

  • Ary Wisesa

    That sum of money already set her for life. No need to feel pity for her. 😊
    She will enjoy her life with the highest luxury standards.

  • Blastam

    A lot of socialists/commies in here ready to vote for redistribution on unearned wealth.

    • SteersUright

      It seems a name-calling bigot who doesn’t believe in a more equitable society also found his/her way in here as well…go figure…

    • BGM

      I was actually born in a communist country and raised the first 15 years of my life in a commie / socialist world. And I tell you straight up the gap between the very top and the rest of us is the sort of injustice that brings about those nightmare scenarios. Remember what Catwoman said.

  • Auf Wiedersehen

    Wow, it must be hard living like a life like that. So sad…

  • Infinite1

    Only 22 million huh? Such a hard life

  • I am betting she will do the same job for $ 3million

  • LWOAP

    Oh that poor woman, she only made 22 million. I feel so bad for her.

    https://uploads.disquscdn.com/images/e3c45c8e2201e9dcf63e1341209779df0fec0f8d030340dd95b7a08068a5b12b.gif

  • blunt-o

    Wrong logic.mumbo jumbo

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