GM CEO Salary President Income and Earnings

May 2024 · 14 minute read

General Motors Chair and CEO Mary Barra continues to be the highest-paid CEO among the Detroit Three automakers. In 2022, Barra’s total compensation amounted to $28,979,570, slightly lower than the previous year due to a smaller bonus. Even with this slight decline, Barra’s salary still outshines her counterparts at other automotive companies.

gm ceo salary

Key Takeaways:

Comparison to Other CEOs in the Automotive Industry

When it comes to CEO compensation in the automotive industry, Mary Barra’s earnings are truly impressive. Let’s compare her total compensation to other CEOs in the field:

“Mary Barra’s compensation stands out.”

In 2022, Jim Farley, the CEO of Ford Motor Co., earned a total compensation of $21 million. While this is a significant amount, it falls short of Barra’s earnings. Likewise, Carlos Tavares, the CEO of Stellantis, received $24.8 million, which is still below Barra’s compensation. However, it’s important to note that former Stellantis CEO Mike Manley held the record for the highest paid CEO in the automotive industry, with a staggering $54.1 million in 2021.

This data clearly shows that Mary Barra’s compensation as GM’s CEO surpasses that of her counterparts in other automotive companies.

Comparison of CEO Compensation in the Automotive Industry

CEOCompanyTotal Compensation (2022)
Mary BarraGeneral Motors$28,979,570
Jim FarleyFord Motor Co.$21,000,000
Carlos TavaresStellantis$24,800,000

As seen in the table, Mary Barra’s compensation as GM’s CEO exceeds that of Jim Farley and Carlos Tavares in the automotive industry.

Components of Mary Barra’s Compensation Package

Mary Barra’s compensation as the General Motors Chair and CEO is composed of various components that contribute to her significant salary package.

Firstly, her base salary amounts to $2.1 million, which serves as the foundation of her compensation.

Additionally, she received $14.6 million in stock awards, which reflects the confidence of the company’s board in her leadership and performance.

Furthermore, Barra was granted $4.9 million in option awards, highlighting the potential for future financial gain and aligning her interests with the long-term success of General Motors.

Incentive plan compensation also plays a significant role in her package, with nearly $6.3 million being awarded based on the achievement of predetermined performance goals.

Lastly, Barra received $1.1 million in other payments, further bolstering her total compensation for 2022.

Combining all these components, Mary Barra’s total compensation for 2022 amounted to an impressive $28,979,570.

gm-ceo-pay-package

This image visually represents the various components of Mary Barra’s compensation package, showcasing the significant value attributed to each aspect.

Compensation Changes for Other Executive Leaders

In addition to Mary Barra, other key executives at GM saw changes in their compensation in 2022. Here’s a breakdown of their total compensation:

Executive2022 Compensation2021 Compensation
Mark Reuss$14,349,551$12,535,747
Paul Jacobson$10,235,938$9,578,648
Steve Carlisle$8,794,966$8,980,204
Doug Parks$8,779,236$8,835,477

It’s worth noting that while Mark Reuss and Paul Jacobson experienced increases in their compensation, Steve Carlisle’s earnings dipped slightly compared to the previous year. Doug Parks also saw a minor decrease in his total compensation.

These changes highlight the dynamic nature of executive compensation at GM and the varying factors that influence the remuneration of top leaders within the company.

Comparison to Average Employee Salary at GM

While General Motors’ CEO, Mary Barra, received significant compensation in 2022, it highlights a substantial disparity between executive earnings and the average salary of GM employees. Barra’s total compensation for the year was $28,979,570, a figure 362 times higher than the median pay for all GM employees, which amounted to $80,034.

This large income gap raises questions about income inequality and the distribution of wealth within the company. While executive leaders play a crucial role in shaping the company’s future, it is important to ensure that fair and equitable compensation practices are in place for all employees.

Understanding the magnitude of this disparity can prompt discussions on income distribution, employee satisfaction, and the impact of executive compensation on overall company culture.

Comparison of Mary Barra’s Compensation to GM Employee Median Salary

YearMary Barra’s CompensationGM Employee Median SalaryRatio: Mary Barra’s Compensation to GM Employee Median Salary
2022$28,979,570$80,034362:1

Executive Compensation Trends in the Automotive Industry

The United Auto Workers (UAW) has raised concerns about the escalating pay packages of CEOs within the automotive industry. According to UAW reports, the average compensation of CEOs at General Motors (GM), Ford, and Stellantis has witnessed significant increases ranging from 34% to 77% since 2019. This surge in executive pay has sparked demands from the UAW for similar salary hikes for its members over the next four years.

This upward trajectory in CEO compensation has captured the attention of industry observers and labor unions alike. With executive salaries outpacing the average wage growth of employees, questions arise regarding equitable wealth distribution within the automotive sector. The widening pay gap between executives and workers has intensified discussions about income inequality and fair compensation practices.

To gain a better understanding of the executive compensation trends within the industry, let’s examine the changes in CEO salaries at the three major automakers.

Changes in CEO Compensation at GM, Ford, and Stellantis:

AutomakerCEO2021 Compensation*2022 Compensation*
General MotorsMary Barra$28,979,570$28,979,570
FordJim Farley$21,000,000$21,000,000
StellantisCarlos Tavares$24,800,000$24,800,000

It is worth noting that the compensation figures mentioned above represent total compensation packages that encompass base salary, bonuses, stock awards, option awards, and other forms of compensation.

These figures clearly demonstrate the significant financial rewards bestowed upon automotive CEOs. As the industry continues to navigate an era of transformation, executive compensation remains a focal point of public scrutiny and debate.

In the next section, we will delve into the intricacies of measuring executive pay and explore the difference between estimated fair value (EFV) and actual realized gains (ARG) in compensation analysis.

executive compensation trends

Understanding the Difference Between EFV and ARG Measures of Pay

The method of calculating executive compensation using “estimated fair value” (EFV) can be misleading. Actual realized gains (ARG) provide a more accurate measure of the value of stock-based compensation. Mary Barra’s total compensation of $167.2 million from 2019 to 2022 included $134.3 million in actual realized gains from stock awards and stock options.

executive compensation practices

When it comes to executive compensation practices, accurately evaluating the true value of stock-based compensation is crucial. While EFV may be commonly used, it fails to capture the actual income received by executives. On the other hand, ARG offers a more transparent measurement and a better understanding of the real value of stock-based compensation.

Mary Barra’s compensation package with General Motors is a notable example of the importance of distinguishing between EFV and ARG. Her total compensation of $167.2 million over the span of four years includes $134.3 million in actual realized gains from stock awards and stock options. This significant difference reflects the true value that Barra received throughout the specified period.

ARG provides a more accurate measure of executive compensation and allows for a clearer assessment of the value executives receive from stock-based incentives. Recognizing the difference between EFV and ARG ensures a more comprehensive understanding of executive compensation practices and their implications.

Proxy Statement Insights on GM CEO Pay

General Motors’ proxy statements provide valuable insights into the compensation of the company’s CEO, Mary Barra. The statements reveal detailed information about the various components that contribute to her total pay package.

In 2022, Mary Barra’s compensation included:

These figures account for a significant portion of Barra’s total compensation, which amounted to $28,979,570 for the year.

This breakdown of her compensation package provides a clearer understanding of the different elements that contribute to Barra’s overall earnings. It highlights the significant role played by cash, equity, and other forms of compensation in shaping the total compensation of the CEO.

In the context of general motors ceo salary, the proxy statement insights shed light on the compensation practices within the company. They offer transparency and detailed information to shareholders and other stakeholders, allowing them to assess the fairness and alignment of executive pay with company performance.

Mary Barra’s Compensation Components in 2022

Below is a table summarizing the components of Mary Barra’s compensation for the year 2022:

ComponentAmount
Total Cash$8,358,000
Equity$19,500,010
Other Compensation$1,121,560

By examining the table, it is evident that equity is a significant component of Mary Barra’s compensation, comprising the largest portion of her overall package. This aligns with common executive compensation practices, where stock-based awards play a crucial role in incentivizing long-term performance and aligning the interests of executives with the company and its shareholders.

Overall, the proxy statement insights on GM CEO pay provide an in-depth view of Mary Barra’s compensation and offer stakeholders a comprehensive understanding of how the company rewards its top executive.

general motors ceo salary

Importance of Actual Realized Gains in Executive Compensation Analysis

When conducting an executive compensation analysis, it is essential to consider the use of Actual Realized Gains (ARG). While Estimated Fair Value (EFV) numbers are commonly used, they do not provide a complete picture of the actual income received by executives. ARG offers a more transparent measure of the value of stock-based compensation, allowing for a more accurate assessment.

Unlike EFV, which represents the potential value of stock awards and options at the time of grant, ARG reflects the actual income received by executives when they exercise their stock-based benefits. This distinction is crucial in evaluating the true value of executive compensation packages, as it considers the tangible gains realized by executives.

By incorporating ARG into compensation analysis, stakeholders gain a clearer understanding of the financial rewards received by executives. This information helps to inform discussions around executive pay, ensure transparency, and align compensation practices with company performance. Executives should be compensated based on their tangible gains and contributions to the organization.

FAQ

What was Mary Barra’s total compensation in 2022?

Mary Barra’s total compensation in 2022 was ,979,570.

How does Mary Barra’s compensation compare to other CEOs in the automotive industry?

Mary Barra’s compensation is higher than other CEOs in the automotive industry. Jim Farley, the CEO of Ford Motor Co., earned a total compensation of million in 2022, while Carlos Tavares, the CEO of Stellantis, received .8 million.

What components make up Mary Barra’s compensation package?

Mary Barra’s compensation package includes a base salary of .1 million, stock awards worth .6 million, option awards worth .9 million, incentive plan compensation of nearly .3 million, and other payments totaling

FAQ

What was Mary Barra’s total compensation in 2022?

Mary Barra’s total compensation in 2022 was $28,979,570.

How does Mary Barra’s compensation compare to other CEOs in the automotive industry?

Mary Barra’s compensation is higher than other CEOs in the automotive industry. Jim Farley, the CEO of Ford Motor Co., earned a total compensation of $21 million in 2022, while Carlos Tavares, the CEO of Stellantis, received $24.8 million.

What components make up Mary Barra’s compensation package?

Mary Barra’s compensation package includes a base salary of $2.1 million, stock awards worth $14.6 million, option awards worth $4.9 million, incentive plan compensation of nearly $6.3 million, and other payments totaling $1.1 million.

Did other key GM executives see changes in their compensation in 2022?

Yes, other key GM executives saw changes in their compensation in 2022. Mark Reuss’s total compensation increased to $14,349,551, Paul Jacobson’s compensation rose to $10,235,938, Steve Carlisle earned $8,794,966, and Doug Parks’ compensation decreased slightly to $8,779,236.

How does Mary Barra’s compensation compare to the average employee salary at GM?

Mary Barra’s total compensation in 2022 was 362 times higher than the median pay for all GM employees, which was $80,034.

What are the trends in executive compensation in the automotive industry?

The average pay of CEOs at GM, Ford, and Stellantis has risen by 34% to 77% since 2019, according to the United Auto Workers (UAW).

What is the difference between EFV and ARG measures of executive pay?

EFV (estimated fair value) numbers can be misleading when calculating executive compensation, as they do not reflect the actual income received by executives. ARG (actual realized gains) provides a more accurate measure of the value of stock-based compensation.

What insights can be gained from GM’s proxy statements regarding executive pay?

General Motors’ proxy statements provide detailed information on executive pay, including the breakdown of cash, equity, and other forms of compensation. In 2022, Mary Barra’s compensation included $8,358,000 in total cash, $19,500,010 in equity, and $1,121,560 in other compensation.

Why is it important to consider actual realized gains in executive compensation analysis?

Actual realized gains (ARG) provide a more transparent measure of the value of stock-based compensation, accurately reflecting the income received by executives. ARG should be considered in compensation analysis to provide a clearer understanding of executive pay.

.1 million.

Did other key GM executives see changes in their compensation in 2022?

Yes, other key GM executives saw changes in their compensation in 2022. Mark Reuss’s total compensation increased to ,349,551, Paul Jacobson’s compensation rose to ,235,938, Steve Carlisle earned ,794,966, and Doug Parks’ compensation decreased slightly to ,779,236.

How does Mary Barra’s compensation compare to the average employee salary at GM?

Mary Barra’s total compensation in 2022 was 362 times higher than the median pay for all GM employees, which was ,034.

What are the trends in executive compensation in the automotive industry?

The average pay of CEOs at GM, Ford, and Stellantis has risen by 34% to 77% since 2019, according to the United Auto Workers (UAW).

What is the difference between EFV and ARG measures of executive pay?

EFV (estimated fair value) numbers can be misleading when calculating executive compensation, as they do not reflect the actual income received by executives. ARG (actual realized gains) provides a more accurate measure of the value of stock-based compensation.

What insights can be gained from GM’s proxy statements regarding executive pay?

General Motors’ proxy statements provide detailed information on executive pay, including the breakdown of cash, equity, and other forms of compensation. In 2022, Mary Barra’s compensation included ,358,000 in total cash, ,500,010 in equity, and

FAQ

What was Mary Barra’s total compensation in 2022?

Mary Barra’s total compensation in 2022 was $28,979,570.

How does Mary Barra’s compensation compare to other CEOs in the automotive industry?

Mary Barra’s compensation is higher than other CEOs in the automotive industry. Jim Farley, the CEO of Ford Motor Co., earned a total compensation of $21 million in 2022, while Carlos Tavares, the CEO of Stellantis, received $24.8 million.

What components make up Mary Barra’s compensation package?

Mary Barra’s compensation package includes a base salary of $2.1 million, stock awards worth $14.6 million, option awards worth $4.9 million, incentive plan compensation of nearly $6.3 million, and other payments totaling $1.1 million.

Did other key GM executives see changes in their compensation in 2022?

Yes, other key GM executives saw changes in their compensation in 2022. Mark Reuss’s total compensation increased to $14,349,551, Paul Jacobson’s compensation rose to $10,235,938, Steve Carlisle earned $8,794,966, and Doug Parks’ compensation decreased slightly to $8,779,236.

How does Mary Barra’s compensation compare to the average employee salary at GM?

Mary Barra’s total compensation in 2022 was 362 times higher than the median pay for all GM employees, which was $80,034.

What are the trends in executive compensation in the automotive industry?

The average pay of CEOs at GM, Ford, and Stellantis has risen by 34% to 77% since 2019, according to the United Auto Workers (UAW).

What is the difference between EFV and ARG measures of executive pay?

EFV (estimated fair value) numbers can be misleading when calculating executive compensation, as they do not reflect the actual income received by executives. ARG (actual realized gains) provides a more accurate measure of the value of stock-based compensation.

What insights can be gained from GM’s proxy statements regarding executive pay?

General Motors’ proxy statements provide detailed information on executive pay, including the breakdown of cash, equity, and other forms of compensation. In 2022, Mary Barra’s compensation included $8,358,000 in total cash, $19,500,010 in equity, and $1,121,560 in other compensation.

Why is it important to consider actual realized gains in executive compensation analysis?

Actual realized gains (ARG) provide a more transparent measure of the value of stock-based compensation, accurately reflecting the income received by executives. ARG should be considered in compensation analysis to provide a clearer understanding of executive pay.

,121,560 in other compensation.

Why is it important to consider actual realized gains in executive compensation analysis?

Actual realized gains (ARG) provide a more transparent measure of the value of stock-based compensation, accurately reflecting the income received by executives. ARG should be considered in compensation analysis to provide a clearer understanding of executive pay.

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