General Motors CEO Mary Barra saw her overall compensation decline for the year of 2016 after a year of big money in 2015, according to Automotive News. That’s not to say any of the figures here are chump change, though.
2015 saw one-time awards paid out to many GM executives in the form of stock awards and nonequity incentive plans; Barra’s doubled to $6.7 million when she was elected as chairman of GM’s board of directors. However, with those awards paid out, Barra’s overall compensation dropped from $28.6 million to $22.6 million. That’s despite a 14 percent increase in her salary.
Still, her total compensation overshadows any other high-ranking GM executive. President Dan Ammann earned $10.2 million, product chief Mark Reuss earned $8.4 million and CFO Chuck Stevens earned $7.6 million. Each executive’s compensation was down at least six percent from 2015 to 2016. Overall, GM’s top four earners saw their compensation decline by $9.9 million collectively.
Barra also earned more than Ford CEO Mark Field, per the company’s filing. Fields earned $22.1 million compared to Barra’s $22.6 million.