As a publicly traded company, General Motors is required to disclose the pay of its top five executives. GM CEO, Mary Barra, sits at the top of the automaker’s food chain, and brought in a pretty penny for 2015.
The Detroit Free Press reports Barra’s compensation rose 77-percent to $28.6 million for 2015. GM disclosed the information in an annual filing with the Securities and Exchange Commission.
Barra only received $7.3 million of the sum, with the majority of the compensation grounded in stock-based grants and other incentives that vest over time. However, by the rulebooks, GM must assign a value to all of it.
The CEO’s base salary rose from $1.57 million to $1.75 million, and she received $3.1 million under a short-term incentive plan. Additionally, another $2.5 million was valued from incentive-based stock grants.
Overall, Barra has the potential to earn $11.2 million over the next five years when taking her stock options into account. But, the number rests on what GM’s stock price performs at.
In comparison, Ford CEO Mark Fields’ compensation was valued at $18.6 million in quarter four of 2015, and FCA CEO Sergio Marchionne was worth $73.6 million during the same time period.