GM CEO Mary Barra received total compensation of $29 million in 2021, which mainly came in the form of stock and options awards.
Barra’s 2021 compensation was 23 percent higher than in 2020, reports The Detroit Free Press, when the 60-year-old earned a total of $23.7 million. Her actual annual salary was slightly higher in 2021 at $2.1 million, up from $1.9 million the year prior, however the vast majority of her pay last year came from stock awards, which totalled $14.6 million. She also received $4 million in options awards last year, $7.6 million in incentive plan compensation and another $873,075 in other payments. GM spent another $413,368 on personal travel, security, company vehicles and physical and financial counselling for Barra, as well.
Mary Barra in 2021
Barra wasn’t the only GM exec earning more in 2021 than in 2020. President Mark Reuss earned $12,535,747, which was up from $9,963,402 in 2020, while Chief Financial Officer Paul Jacobson earned $9,578,648, up from $5,179,672. GM North America president Steve Carlisle also earned $8,980,204, up from $6,289,463 in 2020. A similar raise was given to Vice President of Global Product Development, Purchasing and Supply Chain, Doug Parks, who saw his compensation grow from $6,733,708 to $8,835,477.
GM President Mark Reuss
Going forward, GM will tie much of its executive compensation to various electric vehicle sales volumes and launch targets. This will include executive bonuses, stock and option awards, pension value, employer contributions to 401k, life insurance and more. Executive performance will be measured based on targets for sales volumes and product launch timing, as well as vehicle quality standards.
“At GM, our compensation has always been driven by the company’s success,” Barra said during the company’s recent Q1 2022 earnings call. “And no one should doubt our commitment to lead in EVs or the passion our team has for that mission.”
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Comments
I can’t wait for all the snide comments below from the resentful and sexist “experts”! /s
And ALL off them will be absolutely correct if they are based on ridiculous, obscene, undeserved, amount of “compensation” for a poor-performing CEO or anyone else. Since you seem to know-it-all, or think you do, have you calculated the percentage of the difference between an astounding, totally asinine $29 MILLION Dollars and what the typical, average GM employee earns ? Try it and you’ll discover what is wrong with American Corporations !
Not to mention…. How much money has GM received for pandemic and infrastructure from the government in the last 2 years? Toyota has a lawsuit out how they missed the massive infrastructure spending cut. This is profits of the well connected living off your taxpayer dime.
The CEOs get richer people that are doing all the warranty work get paid less that’s how they’ve been operating for years their quality keeps dropping every year and they keep paying their technicians less every year
do you think a person in this position needs that much ?????
I just love the Market Share people who tend to forget how GM went broke while having that extra Market Share.
Running a business is a balancing act and it takes focus in all areas and especially return on investment. At times that means taking a step back before you move forward. Once you regain profitability then you can again look to growth.
Selling millions of cars mean little if you are not making money on them.
This is not a race this is a business.
Imagine the losses GM would have had if they still had all the money losing models pre bail out and then had this chip issues. To be honest GM has weathered the storm pretty well and now are faced with a Recession if we have one more down quarter. Odd GM with all the market share they had would never have survived.
Goodyear tire years ago expanded market share by diversification into many areas. It got them into trouble with the recession in the late 70’s. They ended up scaling back and focusing back on their core the tire market.
They have grown and expanded once they got their finial footing and are now owners of Dunlop and Cooper Tire now. Often they are more profitable than the other brands even at #2 in size.
It also helps them now as they have to deal with higher material costs that are due to high oil and steel prices.
gm didn’t go broke because of fifty percent market share. They went broke because of inept management. When you have production capacity and employee level for fifty percent market share and management fails to deliver you have a problem. When you have forty five years of inept management you play second fiddle to the Japanese in your home market. This from a company that has less than 100,000 U.S. employees and 500,000 retirees.
GM went broke because DumbFking Republican policies ruined the U.S. economy. Making it impossible for most people to get a car loan.
What are you talking about. The trouble was loans were too easy for too long and many defaulted on them.
The Repo market was big money for a long time.
He’s just a troll ignore him.
Get your own name Troll
C8.R
During the Bush years, we fought 2 wars on borrowed money. While our economy shifted to funding and suppling the war machine. China’s economy shifted towards our consumers.
It all came crashing down when Lehman Brothers folded in September 2008. Banks stopped lending overnight. Anyone in a financial pinch at the time got totally screwed.
If you can’t afford it that’s on you. People need to take responsibility for their own actions and stop blaming whoever but themselves. Plenty of used cars people could buy back then but nope go get a big loan then cry about it when it gets taken away. You sound like someone who wanted to live like a millionaire in a house you could never afford back in 07-08, then get mad when you lose it and blame the bank.
You sound like a Dick. Let’s go Brandon!
Charlie Harris
Much better than the sore loser who had his minions attack the Capital
#MFDJT
Or the sore loser in 2016 that unleashed her minions that attacked and set off fires and bombs all over as she had a melt down!
I agree on the inept management. Part of what they failed to do is right size GM as the auto market declined.
This led to union contracts where GM lost less money selling cars at a loss because they could not afford to close plants or reduce staffs at many.
GM had too many divisions, too many dealers and still do. Too many models and just did not do what was needed. Make better cars not just more of them.
They needed to cut cost and started Saturn?
Olds lost their way and they had no idea what to do with Pontiac and just turned them into styling exercises of corporate models.
Holden needed to either grow outside Australia or should have been shut down sooner. But they lacked the models to grow globally.
GM needed to close money losing markets sooner and stop the losses of cash.
Today they are right sized and focused on making models that make money. Are they perfect no but what car company is? None!.
I don’t care who is running the show. You certainly should not be rewarded such a huge comp increase when your company can’t even build products it is advertising. Having to wait months for a vehicle after placing an order is unacceptable. Maybe take some of that pay increase to find other ways to manufacture or get other suppliers so you can actually build vehicles.
Yes, no other car company on the planet is facing a chip shortage, only GM, and that’s solely attributable to the CEO (sarcasm alert)
Seriously are people this dumb?
… neither me. do not care if A or B is president… it is just a pity beautiful cars are 25 years back past
I’m loosing respect for Mary Barra. In this era of many problems, she should not even make close to this amount of money.
Breaking news: greedy executives give themselves pay raises no matter how good or poor of a job they’re doing.
This isn’t unique to GM. Every corporation is run this way.
… oh .. saw a lot bad employees climbing up doing nothing all day and recieving great salaries,,,, people like me who worked hard gets 1. all work to be done for managers 2, get the kick off if project earthquaked …. as my ex GM supervisor had said…. someone have to carry the piano… and so must do the MK here, not receiving a director position proposal… so never more to be worker, stays at home since 10 years doing nothing for humans and fck them alll. Sofa all day is much better with wife and cat and let the government pay… Better life for sure ! Sincere, why working for managers, directors, presidents ?
That is true but most of the other car manufacturers CEO’s are not making nearly this much. She is grossly over compensated for what she is delivering. If GM was putting out world class products, with lots of choices, reasonable pricing and good quality control that might justify some of it. That is clearly not the case here.
Seeing in these trying times GM earned 2.9 Billion in profits while Ford lost 3.1 billion.
Between supply issues, global economic issues, the war and other challenges GM is holding steady and while sales are slightly down prices are up. That is a difficult thing to pull off.
At the end of the day net income is what matters not sales, market size or the number of divisions you have.
If GM can remain steady for the next couple years hope will be the economy will improve with the elections and Putin gets taken out.
… yeah… GM is doing great, Ford maybe
What a good little globalist you are!
I love Marry Barra she can’t loose GM can put whatever they want out there . Cars being sold without features because of chip shortages people buying them anyway. GM putting out a designed flawed 8sp d tranny a lot of customers knew this and still brought the trucks lol. Because they loyal they can’t buy ford or FCA product etc . Let us all tip our hats to Marry Barra she’s a keeper 😎🇷🇺🇷🇺🇷🇺
… GM is like bs BMW, whatever bs product they do, people buy, pays smiling 100000 bucks for a ugly car ! AGREE
— I think she should receives 1 billion usd a year and ask for each car 300 000 usd at least. Then out the EV USA guys want, then maybe a reason to complain… Here at Luerssen Yachts, we are waiting for her purchase, 170 m long
I’ve been doing business since the age of 9, 56 years ago. I went full-time entrepreneur in Dec 78 after my last job ever. Of all the businesses I’ve owned, getting my dealer license and selling cars was the most profitable. Now I buy and sell high-end customs and hot rods and altho the money is good, the fun of the cars is what keeps me alive.
While yes, what really matters is revenue and not size, still in this auto industry business you ought to be global… true global.
This is why Toyota has beaten GM. They keep selling the Corolla in 130+ countries and maybe they have to absorb some of the profit in some countries to compete and have presence and they make good profit in other countries where people is wiling to pay. They started to make Full Size Trucks not many years ago and they keep growing gradually, beating up the US brands here and there.
Same case with VW. They are huge and nowadays they make, somewhat like Toyota, Hyundai / Kia and Honda or Mitsubishi, almost everything…. from motorcycles or home appliances to airplanes, ships, turbines.
So the name of the game is “do not place all you eggs in one basket” and it is what GM has done: the basket is the USA and the eggs are the Full Size Trucks.
Go back in time: why was Opel / Vauxhall sold? someone mentioned incompetence. Only complained for years of not able to make money and then PSA made money in less than 2 years.
I have been retired from GM for 20 years, GM & UAW have not given us retiree’s any cost of living on are pensions! Share the wealth with your retirees so we can afford to buy your product’s!!!
Dan Graz
The UAW took complete control over the pensions In 2007 contract negotiations. GM has nothing to do with it.
The UAW also promised to Unionize the foreign owned factories at the time. With all those new workers coming in you.should be getting a big fat raise any day now.
All that money and they still can’t build a car that has enough room in the back seat for an American adult. Mark Ruess can’t fit in the back seat of any Cadilac car made in todays market. CT-6, maybe, but they quit making that one. What idiots.
James Wellinghoff
Try the CT5 it has the roomiest back seat in its class.
That may be true, but hardly relevant. The person who buys the car usually sits up front in the driver’s seat. Not in the roomy back.
Hey b*tchers! Don’t blame Mary for making a buck. Blame one Zora Arkus Duntov for designing the best dammed small block v8 in history. It’s kept me and millions of others buying G.M.s and being the proudest dude from the lights!
Larry Kimmerly,
Like you, I’m sure Barra has no idea who designed the small block too!
I am sure you meant to say Ed Cole, right?
Raise for what,,, Dick you must be talking about todays administration
It’s amazing to me that market share keeps going down, GM is massively in debt , but still the brass keeps getting bonuses, sorry but I just don’t understand that at all , soon they will again be begging for government help
I have actually been trying to buy a Bolt EUV. But can’t find one , and the dealers are tacking 4 grand on to the sticker price , which I will never pay
Way Overpaid. GM late to the EV party while Elon makes fun of GM. Corvette is the only market leader. Camaro is third in the race solely because you can’t see out of it and despite the complaints on this from day one, Barra is clueless. Too many car lines watered down the market and now they have none. Lost all car production when Cruz and Impala could be market leaders now.
Buick is a non existent entity in the US. It survives in China based on the legendary pre war 36, 37, and 38 models.
Colorado and the Vans way too long in tooth and no product to match the Maverick. Blazer could have been a big hit like Bronco but it became another generic SUV. Cadillac is just crawling out of awkward design phase that almost destroyed their market.
Barra and Reuss are smart, attractive, personable but they do not have market / product understanding in their gut. I heard Barra in an interview a few months ago about how late GM is to the EV game and it was embarrassing to watch her “politician” response. I guess corporate GM is a just a political game of thrones
Could somebody tell Mark that the ZO6 isn’t in production. For that kind of money you would think he would know that.
JOFA Ed Cole was in charge of design and Duntov made it respectable in the Vette. According to Google and I am sure Mary knows the history.
It’s almost like she grabs from employees and stockholders pockets and puts it in hers.
Her competition amount is Absolutely disgusting.
With a pitifully nonexistent lineup of actual gm cars and none on the drawing board unless that drawing board happens to be in China, it’s no wonder gm’s market share is at its lowest in history and falling. Being a purveyor of full-sized pickups and SUVs in an era of $6.00+ per gallon gas smacks of history repeating itself. Once again, gm is caught with its pants down. Yet management rakes in millions as they foist absurdities like the 6,000lb $110K electric Hummer on the public as if THIS is the answer to America’s homegrown transportation needs. Is it any wonder why Toyota leads and Hyundai’s ascendant? Gm management is a joke and so are their cheerleaders.
The Big Three have all lost market share in the past 10 years, that’s what happens in a mature market. The key is to profitably adapt to that market, as GM has done, and to not pay attention to singular opinions of posters who want a vehcile made just for them. It’s the collective opinion of purchasers that determines which vehicles are a success and which aren’t.
The Big Three have all lost market share in the past 10 years, that’s what happens in a mature market. The key is to profitably adapt to that market, as GM has done, and to not pay attention to singular opinions of posters who want a vehicle made just for them. And are triggered when the collective opinion of purchasers determines which vehicles are a success and which aren’t, instead of theirs.
The market for $60-$80K monstertrucks and $100+K electric monsterSUVs?? That’s a limited market and the pie will get smaller as people begin to wake up. Meanwhile, Hyundai who came on the scene in 1986 hawking laughable crapwagons now has an impressive full lineup of appealing and affordable cars and flavor of the moment SUVs.
Hybrids and electrics as well. That normal people can buy. Right now.
And their Genesis division is building some fine market redefining luxury sedans the likes of which Cadillac and Lincoln (Buick for that matter) forgot how to build.
Then there’s a super-strong low priced lineup from Kia making it a one-two punch combined with Hyundai focusing on transportation for REAL PEOPLE – kinda like what GM used to do. Just how many absurd Hummers will gm push as second cars to Elites feeling like they have to kowtow to the “environmental” movement before they market themselves right out of existence? Great management alright.
Freaking Hyundai is doing far a better job being GM than gm, thus the lowercase revision to match their rapidly receding relevance in the automotive marketplace. Big Three? WHAT Big Three??
Sorry, I couldn’t get past “Barra say her pay swell to $29 million.” Can GMA not find English speaking writers? Or is this just new millennial journalism where grammar doesn’t matter,
For the record: Akio Toyoda was paid $1.9M; Stefan Quandt was paid $3.7M. These are both owners of their companies.
Sadly GM has no formal family owner thus they serve themselves with the big spoon.
I must say that 29 million for a hired employee is just stupid. Unless you own the company it is a big part of what is wrong with our world, when nurses and teachers earn crap and these people earn generational wealth.
That being said I bought my first GM & American car in 2020, and it has been flawless. At the same time my new Acura pissed me off for poor quality. So GM is doing something right.
If she could have delivered my Zl1 1LE that’s never been accepted by GM as an order,I’d suggest her compensation was too low.
She might not be great at this car business stuff, but she and GM are very Woke and that’s the important thing, right?
Mary Barra has done a great job, I’m a fan of her.
GM has given us fans some amazing products since 2016.
Keep it up!
That’s a joke tight ?
I don’t understand why she gets so much hate. If you compare the products they’ve made from 2000-2014 to the products they’ve made from 2014-2022 (which was when she became CEO of GM), I am really excited about many of the products we are getting right now. The state of the automotive industry in the past couple years is mainly because of the pandemic. If I had $200k to spend on cars right now, I would buy all GM products. C8 Vette Z06, Camaro SS, Cadillac CT4-V. Price for value, GM makes better cars than pretty much any other brand right now.
Probably because she lies do much
All interesting comments
problem going forward is 100% Electric no hybrid OPTION
making great products and making customers wait up to a year to take delivery
Rg
For what ? Lol
I just read about GM putting mandatory subscriptions on things in their cars. If this is true ,I’ll cancel my Bolt order and shop elsewhere