Salary of General Motors CEO: Earnings and Hourly Wages

As Chair and Chief Executive Officer at General Motors Co, Mary T. Barra has earned a significant compensation package. In the 2022 fiscal year, her total compensation amounted to $28,979,570. This figure includes her salary, bonuses, stock options, stock awards, and other types of compensation, as reported in the proxy statements filed by General Motors

As Chair and Chief Executive Officer at General Motors Co, Mary T. Barra has earned a significant compensation package. In the 2022 fiscal year, her total compensation amounted to $28,979,570. This figure includes her salary, bonuses, stock options, stock awards, and other types of compensation, as reported in the proxy statements filed by General Motors Co.

salary of general motors ceo

Key Takeaways:

  • Mary T. Barra, the CEO of General Motors Co, earned $28,979,570 in total compensation for the 2022 fiscal year.
  • Her compensation package includes a base salary, bonuses, stock options, stock awards, and other types of compensation.
  • The salary of the General Motors CEO demonstrates the significant earnings and hourly wages that a top executive can receive.
  • Executive pay at General Motors Co is disclosed in annual reports and proxy statements.
  • Comparisons of CEO pay ratios and median employee pay provide insights into the disparity between executive compensation and employee wages within the company.

Breakdown of General Motors CEO’s Compensation

Mary T. Barra, the CEO of General Motors Co, receives a generous compensation package consisting of various components that reflect her role and performance. Let’s take a closer look at the breakdown of her total earnings:

ComponentAmount
Base Salary$2,100,000
Bonus$6,258,000
Stock Options$4,875,010
Stock Awards$14,625,000
Other Types of Compensation$1,121,560

The breakdown reveals that Mary T. Barra’s compensation package includes a base salary of $2.1 million, which serves as the fixed portion of her pay. Additionally, she receives a significant bonus of $6.3 million, determined by the board of directors based on her performance.

Furthermore, Barra is awarded stock options valued at $4.9 million, providing her with an opportunity to purchase company shares in the future. These stock options align her interests with those of the shareholders and incentivize her to contribute to the long-term success of General Motors.

As part of her long-term incentive program, Barra also receives stock awards worth $14.6 million. These stock awards vest over a specific period, ensuring that she remains invested in the company’s growth and performance.

Additionally, Barra receives $1.1 million in other types of compensation, which can encompass various benefits such as retirement contributions, insurance coverage, and additional perks.

Together, these components contribute to Mary T. Barra’s impressive total compensation as the CEO of General Motors Co.

Comparison of CEO Pay Ratios

When it comes to executive compensation at General Motors Co, the CEO pay ratio provides an interesting perspective on the disparity between top-level earnings and employee wages. According to the company’s annual proxy statement for the 2022 fiscal year, Mary T. Barra’s CEO pay ratio stood at an eye-opening 362:1.

Let’s break that down. The CEO pay ratio essentially means that Barra’s total compensation is a staggering 362 times higher than the median employee pay at General Motors Co. To put it into context, the median employee pay for 2022 was $80,034.

This significant pay gap raises important questions about the distribution of wealth within the company. While the executive team enjoys substantial earnings, the median employee’s salary remains relatively modest in comparison.

It’s worth noting that the CEO pay ratio can vary across industries and companies. However, the 362:1 ratio at General Motors Co underscores the considerable divergence between executive compensation and employee wages at the company.

general motors ceo compensation

To gain a deeper understanding of the overall picture, let’s take a closer look at the comparison between the compensation of General Motors Co’s CEO and other top executives in the automotive industry.

ExecutiveTotal Compensation
Mary T. Barra (General Motors)$28,979,570
Jim Farley (Ford)$21,000,000
Carlos Tavares (Stellantis)$24,800,000

As seen in the table above, Mary T. Barra’s total compensation as the CEO of General Motors Co is significantly higher compared to other CEOs in the automotive industry. While Jim Farley and Carlos Tavares command impressive salaries, Barra’s earnings exceed theirs.

These comparisons shed light on the substantial disparity in executive compensation within the automotive sector. However, it’s essential to consider the size and performance of the respective companies when analyzing such figures.

CEO Pay Increases at General Motors and Other Automakers

The compensation of CEOs at General Motors, Ford, and Stellantis has been on the rise in recent years, reflecting the companies’ financial performance and market trends. According to data from the United Auto Workers (UAW), Mary Barra, the CEO of General Motors, experienced a notable increase in her compensation from 2019 to 2022.

In this period, Mary Barra’s salary as GM’s CEO increased by 34%, showcasing the company’s confidence in her leadership and the value she brings to the organization. It is a testament to her strategic decision-making and successful implementation of business strategies.

Comparatively, CEO pay at Ford increased by 21% during the same period, as reported by the UAW. At Stellantis, the increase was even higher, with CEO pay rising by a significant 77%. These numbers highlight the varying growth rates experienced by different automakers and the broader industry trends.

AutomakerCEO Pay Increase
General Motors34%
Ford21%
Stellantis77%

Please note that these percentages represent the average CEO pay increase for each respective automaker. The actual compensation figures may vary for individual CEOs based on their performance, tenure, and other factors.

As the automotive industry continues to evolve and face various challenges, CEO pay is a subject of ongoing discussion and scrutiny. It’s important to evaluate these numbers in the context of the companies’ financial performance, market conditions, and shareholders’ expectations. A comprehensive analysis enables a better understanding of CEO compensation and the factors that contribute to its fluctuations.

CEO Pay Increases Image

Analysis and Implications

The increase in CEO pay at General Motors and other automakers raises questions about the distribution of wealth within these organizations. While it’s essential to reward executives for their leadership, innovation, and ability to drive business growth, it’s equally crucial to ensure fair compensation structures that align with employee satisfaction, productivity, and overall company performance.

Companies like General Motors must strike a balance in incentivizing top executives while also acknowledging the contributions of the wider workforce. Ensuring competitive pay and benefits for employees at all levels leads to a more engaged workforce, increased productivity, and a positive work culture that fosters innovation and long-term growth.

Section 4 provides insights into the recent trends in CEO pay increases at General Motors and other automakers. It highlights the importance of understanding these changes in the context of the industry and sheds light on the broader discussions surrounding executive compensation.

Difference Between Estimated Fair Value and Actual Realized Gains

The estimated fair value (EFV) and actual realized gains (ARG) are two different measures used to assess executive compensation. The EFV is an estimate of the value of stock-based compensation, while the ARG reflects the actual income realized by the executive.

In the case of Mary T. Barra, the CEO of General Motors Co, her total compensation includes both EFV and ARG components. It is important to note that the use of EFV may not accurately represent the income received by the CEO, as it does not account for realized gains from stock awards and options.

EFV:

  • Estimate of the value of stock-based compensation
  • May not reflect actual income received
  • Does not account for realized gains

ARG:

  • Reflects the actual income realized by the executive
  • Accounts for realized gains from stock awards and options

general motors ceo compensation

It is crucial to consider both EFV and ARG when evaluating executive compensation to gain a comprehensive understanding of the CEO’s earnings. While EFV provides an indication of the potential value of stock-based compensation, ARG provides a more accurate reflection of the CEO’s actual income.

Example Table: Comparison of EFV and ARG for Mary T. Barra

ComponentEFV (Estimated Fair Value)ARG (Actual Realized Gains)
Stock Options$4,875,010$3,950,135
Stock Awards$14,625,000$14,625,000
Total$19,500,010$18,575,135

Note: The values in the table are for illustrative purposes only and may not represent the actual EFV and ARG figures for Mary T. Barra’s compensation.

Comparison of General Motors CEO’s Compensation with Other CEOs

Mary T. Barra, the CEO of General Motors Co, receives a significantly higher total compensation compared to other CEOs in the automotive industry. In 2022, Ford CEO Jim Farley earned $21 million in total compensation, while Barra’s compensation far surpasses that figure. Additionally, Stellantis CEO Carlos Tavares received $24.8 million in total compensation for the same year. It is worth noting that these comparisons should consider the size and performance of the respective companies to provide a comprehensive analysis of executive compensation.

CompanyCEOTotal Compensation (2022)
General Motors CoMary T. Barra$28,979,570
FordJim Farley$21,000,000
StellantisCarlos Tavares$24,800,000

general motors ceo salary comparison

Components of General Motors CEO’s Compensation

Mary T. Barra, as the CEO of General Motors Co, receives a comprehensive compensation package that includes various components.

1. Base Salary: Barra’s base salary amounts to $2.1 million, providing her with a fixed income.

2. Stock Awards: She also receives stock awards valued at $14.6 million. These awards serve as long-term incentives tied to the company’s performance and align her interests with the success of General Motors Co.

3. Stock Options: Barra is granted stock options worth $4.9 million. These options provide her with the opportunity to purchase company shares in the future.

4. Incentive Plan Compensation: In addition, she receives nearly $6.3 million in incentive plan compensation, reflecting the variable component of her pay based on predetermined performance targets.

5. Other Payments: Barra also receives $1.1 million in other payments, which may include benefits and perks such as retirement contributions, insurance coverage, and other miscellaneous allowances.

This comprehensive compensation package ensures that Barra is rewarded for her leadership and performance as the CEO of General Motors Co, while also aligning her compensation with the long-term interests of the company and its stakeholders.

ComponentValue
Base Salary$2.1 million
Stock Awards$14.6 million
Stock Options$4.9 million
Incentive Plan Compensation$6.3 million
Other Payments$1.1 million

General Motors CEO compensation components

Comparison of General Motors Executive Compensation

In addition to the CEO, other key executives at General Motors Co also receive substantial compensation. Here are the total earnings of some top executives in 2022:

NameTitleTotal Compensation
Mark ReussPresident$14,349,551
Paul JacobsonCFO$10,235,938
Steve CarlislePresident of North America$8,794,966
Doug ParksExecutive Vice President of Global Product Development, Purchasing, and Supply Chain$8,779,236

It is important to note that the compensation for these executives includes various components such as base salary, bonuses, and stock awards.

General Motors Executive Compensation

CEO Pay Ratio and Median Employee Pay at General Motors

At General Motors Co, the CEO pay ratio for the 2022 fiscal year stood at 362:1. This ratio compares the total compensation of the CEO to the median employee pay within the company. It sheds light on the significant gap between executive earnings and employee wages at General Motors. Additionally, the median employee pay at General Motors for the same year was $80,034.

The CEO pay ratio serves as an indicator of income disparity within organizations. A high ratio, such as the one seen at General Motors, implies that the CEO’s total earnings are substantially greater than those of the average employee. While executive compensation often includes various types of pay, such as base salary, bonuses, and stock awards, the median employee pay reflects the wages of employees across different roles in the company.

It’s important to acknowledge that the CEO pay ratio can vary across industries and companies. Factors such as company size, performance, and industry norms play a role in determining executive compensation. However, the high CEO pay ratio at General Motors underscores the ongoing discussion surrounding income inequality and fair distribution of wealth within organizations.

FAQ

What was the salary of General Motors CEO in 2022?

Mary T. Barra, the General Motors CEO, had a total compensation of ,979,570 in 2022.

How is the CEO’s compensation at General Motors broken down?

Mary T. Barra’s compensation includes a base salary of ,100,000, a bonus of ,258,000, stock options valued at ,875,010, stock awards worth ,625,000, and other types of compensation totaling

FAQ

What was the salary of General Motors CEO in 2022?

Mary T. Barra, the General Motors CEO, had a total compensation of $28,979,570 in 2022.

How is the CEO’s compensation at General Motors broken down?

Mary T. Barra’s compensation includes a base salary of $2,100,000, a bonus of $6,258,000, stock options valued at $4,875,010, stock awards worth $14,625,000, and other types of compensation totaling $1,121,560.

What is the CEO pay ratio at General Motors?

The CEO pay ratio at General Motors in 2022 was 362:1, indicating that Mary T. Barra’s total compensation was 362 times higher than the median employee pay.

How do CEO pay increases at General Motors compare to other automakers?

According to the United Auto Workers (UAW), Mary Barra’s compensation at General Motors increased by 34% from 2019 to 2022, while CEO pay increased by 21% at Ford and 77% at Stellantis during the same period.

What is the difference between estimated fair value and actual realized gains in executive compensation?

Estimated fair value (EFV) is an estimate of the value of stock-based compensation, while actual realized gains (ARG) reflect the actual income realized by the executive. EFV does not account for realized gains from stock awards and options.

How does the compensation of General Motors CEO compare to other CEOs in the automotive industry?

Mary T. Barra’s total compensation as the General Motors CEO is significantly higher than other CEOs in the automotive industry, such as Jim Farley of Ford and Carlos Tavares of Stellantis.

What are the components of the General Motors CEO’s compensation?

The General Motors CEO receives a base salary, stock awards as long-term incentives, stock options, incentive plan compensation, and other payments that may include benefits and perks.

How does the executive compensation at General Motors compare to other key executives?

Other key executives at General Motors, such as the President and the CFO, also receive substantial compensation that includes various components such as base salary, bonuses, and stock awards.

What is the CEO pay ratio and median employee pay at General Motors?

The CEO pay ratio at General Motors was 362:1 in 2022, indicating the disparity between the CEO’s total compensation and the median employee pay, which was $80,034 for the same year.

,121,560.

What is the CEO pay ratio at General Motors?

The CEO pay ratio at General Motors in 2022 was 362:1, indicating that Mary T. Barra’s total compensation was 362 times higher than the median employee pay.

How do CEO pay increases at General Motors compare to other automakers?

According to the United Auto Workers (UAW), Mary Barra’s compensation at General Motors increased by 34% from 2019 to 2022, while CEO pay increased by 21% at Ford and 77% at Stellantis during the same period.

What is the difference between estimated fair value and actual realized gains in executive compensation?

Estimated fair value (EFV) is an estimate of the value of stock-based compensation, while actual realized gains (ARG) reflect the actual income realized by the executive. EFV does not account for realized gains from stock awards and options.

How does the compensation of General Motors CEO compare to other CEOs in the automotive industry?

Mary T. Barra’s total compensation as the General Motors CEO is significantly higher than other CEOs in the automotive industry, such as Jim Farley of Ford and Carlos Tavares of Stellantis.

What are the components of the General Motors CEO’s compensation?

The General Motors CEO receives a base salary, stock awards as long-term incentives, stock options, incentive plan compensation, and other payments that may include benefits and perks.

How does the executive compensation at General Motors compare to other key executives?

Other key executives at General Motors, such as the President and the CFO, also receive substantial compensation that includes various components such as base salary, bonuses, and stock awards.

What is the CEO pay ratio and median employee pay at General Motors?

The CEO pay ratio at General Motors was 362:1 in 2022, indicating the disparity between the CEO’s total compensation and the median employee pay, which was ,034 for the same year.

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