GM CEO Barra was top-paid Detroit auto executive in 2018

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Thread: GM CEO Barra was top-paid Detroit auto executive in 2018

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    GM CEO Barra was top-paid Detroit auto executive in 2018

    https://www.detroitnews.com/story/bu...18/3508616002/



    Mary Barra, General Motors CEO (Photo: GM)

    General Motors Co. Chairman and CEO Mary Barra was paid $21.87 million in total compensation in 2018 to make her the highest-paid Detroit Three executive.

    Barra's 2018 compensation is a slight decrease from the $21.96 million the company paid her in 2017. Still, the GM chief executive's pay outpaces Ford CEO Jim Hackett, who completed his first full year on the job in 2018, and Fiat Chrysler Automobiles NV CEO Michael Manley, who took the top job on July 21.

    Hackett was paid $17.75 million in 2018 and Manley was paid 600,442 euros ($708,498). FCA paid its late CEO Sergio Marchionne 6.6 million euros ($7.8 million).

    Barra's pay in 2018 included a $2.1 million base salary, the same she was paid in 2017, and $14.5 million in stock awards, according to GM's filing with the Securities and Exchange Commission released Thursday. Ford and FCA made those filings earlier this year.

    Barra, 57, is the auto industry's first female CEO.

    GM made $8.1 billion on $147 billion in revenue in 2018 as the company spent about $1.3 billion on restructuring moves. The Detroit automaker is executing a majority of its larger restructuring plan this year, which includes stopping production at five North American plants and cutting 15 percent of its salaried workforce.


    GM spent $290,589 on other benefits for Barra, including $140,599 for travel on a chartered aircraft and a company-owned plane, and $89,884 on security.

    Barra also received a $4.45 million incentive-based bonus for 2018. That's down from nearly $5 million in 2017 due to a decrease in automotive free cash flow, one of the factors in calculating the incentive bonus.

    The median employee total compensation at GM in 2018 was $77,849, making Barra's pay ratio 281 to 1.

    Pay for other GM executives in 2018 includes:
    •Dhivya Suryadevara, executive vice president and chief financial officer: $5.5 million in total compensation. Suryadevara was appointed CFO in September, replacing Chuck Stevens. Her base salary in 2018 was $668,100. The new CFO also received a $1.19 million incentive-based bonus.
    •Dan Ammann, president: $8.97 million in total compensation, down from $9.26 million in 2017. Ammann's base salary remained flat at $1.45 million. He also received a $1.92 million incentive-based bonus, down from $2.1 million in 2017.
    •Mark Reuss, executive vice president of global product group and Cadillac: $7.35 million in total compensation, down from $7.73 million in 2017. Reuss' base salary stayed flat at $1.2 million. He also got a $1.59 million incentive-based bonus, down from $1.77 million in 2017.
    •Alan Batey, executive vice president and president of North America: $5.34 million in total compensation, down from $5.97 million in 2017. Batey's base salary remained flat at $1.02 million. He also got a $1.23 million incentive-based bonus, down from $1.45 million in 2017.
    •Chuck Stevens, advisor and former executive vice president and chief financial officer: $6.94 million in total compensation, down from $7.1 million in 2017. Stevens' base salary remained flat at $1.1 million. He also received a $1.32 million incentive-based bonus, down from $1.62 million in 2017.

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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    Makes sense. She is the leader of the largest auto corporation in the United States.

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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    All of their pay has taken a hit I see. It somewhat makes sense as per the state of flux the company is in at the time in trying to transform itself. Gotta find the money somewhere.

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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    Quote Originally Posted by Coche Amante View Post
    Makes sense. She is the leader of the largest auto corporation in the United States.
    Actually, Ford Motor Company was the largest U.S. based automaker by revenue in FY 2018 ($160.3B compared to $147B for General Motors). However, General Motors earned more than twice the net income of Ford ($8.1B for GM compared to $3.7B for Ford) during that period, which is why it's quite appropriate that Barra is the "top-paid Detroit auto executive in 2018".
    Last edited by gkr778; 04-18-2019 at 08:59 PM.
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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    Makes sense. She's been around the longest and GM has the best performance of the big three.
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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    In case anyone's wondering, the wealthiest person in Metro Detroit isn't an auto industry executive.
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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    Wait till I brag about this to the guys at the deep fryer while I'm assembling hamburgers.

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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    Quote Originally Posted by gkr778 View Post
    In case anyone's wondering, the wealthiest person in Metro Detroit isn't an auto industry executive.
    Let me guess - a baseball player?
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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    Quote Originally Posted by TruckMan View Post
    Let me guess - a baseball player?
    Would they even live in Detroit?

    I'm guessing a dope ass rapper has the wealth crown.

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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    Quote Originally Posted by Mr.Buttons View Post
    Wait till I brag about this to the guys at the deep fryer while I'm assembling hamburgers.

    And the American and Canadian GM workers that were laid-off, while GM was busy hiring in Mexico.

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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    Quote Originally Posted by JimmyDiablo View Post
    Would they even live in Detroit?

    I'm guessing a dope ass rapper has the wealth crown.
    Shady?

    Does Barra even live in Detroit?
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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    Quote Originally Posted by 1999 White C5 Coupe View Post
    And the American and Canadian GM workers that were laid-off, while GM was busy hiring in Mexico.
    Get over it. The unions did that to them.
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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    What a waste of money.

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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    Quote Originally Posted by TruckMan View Post
    Let me guess - a baseball player?
    It's the gentleman who has majority ownership of a certain basketball team located outside Michigan. Oh yes, he also founded the company that's now the largest mortgage lender in the U.S. as well as the largest private employer within Detroit city limits.

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    Re: GM CEO Barra was top-paid Detroit auto executive in 2018

    Quote Originally Posted by TruckMan View Post
    Get over it. The unions did that to them.
    No = the US and Canada taxpayers saved GM, and GM showed it’s appreciation by moving production to Mexico (and corrupt, violence-ridden country).

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