9.4% pay increase for GM chief brings salary to $23.7 million
Robert Besser
05 May 2021, 12:04 GMT+10
General Motors CEO Mary Barra received $23.7 million in compensation in 2020, an increase of 9.4 percent compared to the previous year
Barra s compensation package also included a performance award of $3.78 million, up 38 percent compared to the year-ago period
According to GM, Barra earned about 201 times more than average auto employees during the year
DETROIT, MICHIGAN: The chief executive officer of General Motors, Mary Barra, received $23.7 million in compensation in 2020, an increase of 9.4 percent compared to the previous year, the U.S. automaker reported in its annual proxy statement.
While Barra s base salary dropped to $2 million in 2020 from $2.1 million the previous year, her stock awards and options climbed 7 percent to reach $13.1 million and $3.75 million, Reuters reported.
2020 final salary for GM chief reaches $23.7 million
05 May 2021, 12:04 GMT+10
DETROIT, MICHIGAN: The chief executive officer of General Motors, Mary Barra, received $23.7 million in compensation in 2020, an increase of 9.4 percent compared to the previous year, the U.S. automaker reported in its annual proxy statement.
While Barra s base salary dropped to $2 million in 2020 from $2.1 million the previous year, her stock awards and options climbed 7 percent to reach $13.1 million and $3.75 million, Reuters reported.
Barra s compensation package also included a performance award of $3.78 million, up 38 percent compared to the year-ago period.
According to GM, Barra earned about 201 times more than average auto employees during the year.
By siliconindia | Friday, 05 February 2021, 08:28 Hrs US automaker Ford has announced to more than double its investment in electric and autonomous vehicles to $29 billion. The automaker had previously committed to spend $11.5 billion on electrifying its vehicle lineup through 2022. We are now planned to invest at least $22 billion in electrification in the next few years through 2025. And that s just electrification, said Ford CEO James D. Farley. We are accelerating our plans right now, breaking constraints, increasing battery capacity, improving our costs and getting more battery electrics into our cycle plan, he told the investors during the fourth quarter earnings call on Thursday. When you include the spending on our autonomous driving, our total commitment is at least $29 billion .