Here’s How Much GM CEO Mary Barra Made In 2022
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GM CEO Mary Barra received the biggest paycheck out of the Detroit Three’s chief executives for the eighth year in a row in 2022, getting compensation of $28,979,570, or just shy of $29 million.
Barra’s pay declined slightly compared to 2021, according to a Detroit Free Press report. GM’s board of directors set much more challenging financial targets in 2022, leading to smaller bonuses for Barra and other top GM executives.
Mary Barra’s base salary is $2.1 million, the same as it was a year ago. According to GM, Barra also received approximately $6.3 million in incentives, $4.9 million in options, and $14.6 million in stocks, along with $1.1 million in “other payments.”
Comparing Barra to other CEOs, she earned somewhat more than the $24.8 million raked in by Stellantis chief executive Carlos Tavares, and earned roughly $8 million more than the $21 million in compensation Ford pays to its CEO Jim Farley. Barra has earned in excess of $200 million during her nine-year stint as The General’s top executive.
Inside GM, her salary is about twice that of GM President Mark Reuss ($14.3 million) and almost triple that of GM Chief Financial Officer Paul Jacobson ($10.2 million). Ordinary workers at GM receive $80,034 in median pay, an almost $11,000 increase from 2021.
Barra’s total compensation reached $21.6 million in 2019, the year before the COVID-19 pandemic struck. Despite the massive economic disruptions of the following year, she earned $23.7 million during 2020. Her total paycheck amount skyrocketed almost 23 percent in 2021, slightly surpassing $29 million.
Some sources claim GM’s official figures are understating Mary Barra’s actual earnings, despite them consistently putting her at the top of the Detroit Three for almost a decade. One study claims she actually earned $40.3 million rather than the official $23.7 million in 2020. The extra earnings derived from cash bonus payouts, gains from stock awards, benefits and perquisites, based on data presented in GM’s annual SEC proxy statement.
The gap between Mary Barra’s pay and that of a median worker has also increased in relative terms over the half-decade ending in 2022. Back in 2017, Barra’s pay was 295 times higher than that of a median global employee at The General. Today, the Detroit Free Press points out, her compensation has grown to be 362 times higher than the median worker’s pay.
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I wonder what she drives…
She constantly says that she drives a bolt. I suspect the real answer is that she doesn’t drive herself most of the time.
Most leaders drive at GM. They do rotate vehicles often. In the past she did drive a Vette often.
I wonder how much she paid in taxes! While driving the company into the ground they can’t produce the products they hyped to the moon. I’ve been a life long Chevrolet guy all the way back to Bel Air my 1st car which was a hand me down from my parents up to C7 Z06 but they can’t produce my Z06/Z07 that I’ve had money down since 2020 they are going to lose my entire family and in laws as buyers of GM products.
Sadly, GM has become rather directionless and narrow-minded, with only the car media and government heaping praise on them.
First, she has done the opposite of driving the company in to the ground. Profits, stock price and vehicles have steadily improved under her leadership. So statement one is just plain false.
Two, you are going to stop buying GM because a nearly halo car, arguably the hottest mass produced car in the market is not showing up on the time table you deem? There are a heck of a lot more people out there with way more money than you throwing it at them to buy them. You go ahead and act that entitled, it won’t change how they do business and keep succeeding just because you have a problem with the timeliness of a single car. I know for a fact your ENTIRE family is not going to switch brands after being treated so well because their upper middle class uncle/cousin can’t get a timely allocation for a special corvette. Please get over your self…
GM Stock price in December 2013, when she took over, was around $40. Today it is $32.46. EBIT was $5b in 2013 and ranged from $1b to $8b until 2020. It has been about $10b for the last 2 years. Keep in mind about 25% inflation in that time.
Her total compensation has gone from $15.8m in 2014 to $29m in 2022
Those are just the facts. I agree she hasn’t driven the company into the ground, but do the numbers justify her compensation? Or any CEO for that matter.
Since GM needs to cut expenses by $2 billion, maybe she should cut her salary in half, along with cutting in half the salaries of everyone else that has a ridiculous upper management salary. Could save $100 million right there without hurting or firing anyone that cannot afford to lose their jobs.
Cuts should start at the top, not the bottom, and should affect everyone, not just the people at the bottom.
You could cut all that and it still will not pay for a new engine program.
Also anyone smart enough for the job will go where they can make more.
Remember they pay only $200k for being POTUS and see what you get.
President Donald J. Trump took $1 a year. He was worth every penny.
Still worth more than you.
That Is A Lot Of Discount Money Incentives We Will Never See!!!
Yup. That is exactly what he was worth. A penny. A bad penny.
LOL, best since Reagan. Sorry he hurt some people’s feelings.
Trump was worth her $29 million, and donated all his salary. Mary is worth $1 and takes $29 million!
Mr. Bush and the congress decided to double the President’s salary to $400K.
Carry on…
I think it’s $400k.
@C8R where you been buddy the President receives $400k a year President Trump didn’t take it in fact donated it to charity now that potato head we got now surely took it.
Yes…He Donated To A Charity…Trump Owned!
Well said , no one should make that kind of money (29 million) for a company that make a lot of poor quality cars and trucks .And tell lower rank employees to take pay cuts ,or layoffs . GM has come a long ways over the last few years , but I don’t know if that way was UP or DOWN.
I have had six new GM cars since 1998 and I couldn’t say one of them was built with poor quality, even the Bolt I sold. But they are definitely adrift, caught up in woke politics and self-deluded aspirations of moving customers to crappy EVs. EVs competed with gasoline at the dawn of the auto age, and they were rightfully selected for extinction. Can Barr and her woke people, start working on GM’s hydrogen future.
The lefties and greenies who blindly adore Mary and defend her salary are the same people who have always been critical of salaries of every single CEO in the past, with the usual blathering about a CEO making 379 times what the average worker on the assembly line makes.
Mary’s salary? No problem:
From the article…”Back in 2017, Barra’s pay was 295 times higher than that of a median global employee at The General. Today, the Detroit Free Press points out, her compensation has grown to be 362 times higher than the median worker’s pay.”
How many times do you lefty/greenies have to put your collective feet in your collective mouths from even just a few years ago?
The lefties and greenies don’t have any love for her or anyone else running a big corporation.
Ford is not paying as much and is struggling financially. Many of the folks before Mary did not last as they could not handle the job.
The wage here is free enter
Rise and Capitalism.
My response to this not happy with it then go out and do what any CEO has done to make the same money. Everyone loves to complain but few will put the tim3 and effort in.
No CEO deserves $20 million a year no matter how successful they are. NONE. There are plenty of people in gm that are working more hours and harder than her and are making a fraction as much.
Give it a rest. Stop being jealous of her success.
But somehow the lefty/greenies are now “all in” defending Disney. A billion dollar company that enjoyed corporate welfare from the state of Florida until the big, bad Governor ended it.
You’d think the lefty/greenies would be praising DeSantis, but no, he doesn’t have that “D” attached to the end of his name.
Additionally, if President “Pchdyfjfrgfcgueww” had done this, the praise would be endless.
“Lefties and greenies” do not admire or support GM or Mary Barra at all. GM and Mara are kept in business so far by an unholy alliance of right wingers and old time union supporters.
They do here on this board…just look around. Mary can do no wrong, and EV are the savior of the world.
Also, are you suggesting that unions are aligned with anything that’s right wing?
I am saying that on the issue of vehicles, the anti-EV right wing (mostly Republicans) are indeed in an unholy alliance with the old Detroit autoworker unions. The Republicans want the 1950’s back, and the unions are worried about EV’s reducing the number of union autoworker jobs.
I don’t see anybody remotely progressive supporting GM or Mary Barra and I can’t imagine why you claim the left or Greens do. A few right wingers insist that CEOs should make outrageous amounts of money, that’s about all the support I see her getting here. Anyway, progressives support EV manufacturers, not hot air and promises by old time corporations that have killed EV’s before and seem to still be trying their best to avoid making them.
you get what you voted for……… we have a complete moron Prez… always has been a MORON and now he’s nuts on top of that… don’t blame GM for going battery powered, these idiots pushing climate change are the cause…. climate change is a scam, there is no change where i live, maybe a few cold temperature records. but not a single high temp… brainwashed a generation to believe this b. s. WAKE UP AMERICA!!!!!
Well after reading her bio on Wikipedia, I am astounded by how much she doesn’t know about cars. If Mr. Chevy was alive, He would be very disappointed that so much capital is being diverted to the less important employees at the top and instead use the profits to reinvest in their dealerships so that they won’t have to rip of the consumers to be able to make a living.
GM should buyout the dealers and run them. That way the focus would be on GM and the vehicles rather than on the dealers.
Yeah. And not a single worldclass wow car from gm.
Corvette and GM trucks which I will put up against any others.
GM certainly has the ability to build great, must-have cars. There’s no doubt about that. Now if they could only do so across the board…
Grossly overpaid.
Sounds like everyone at GM is doing well except the customers!
Over paid. Can’t get car orders out to customers, been waiting for a 2023 2ss Camaro that we ordered in November 2022 Can’t even get a build date . And don’t tell me to see the dealership it is the factory and upper management at GM that is the problem. Over paid upper management not getting the job done again. Need new blood before going bankrupt again.
I’m sure all of the GM employees that are losing their jobs (being bought out) in the name of cost-cutting will be happy to know that Mary makes just under $30M per year…
I often wonder what old Alfred P. Sloan would think of a woman leading General Motors. GM was not a particularly feminist organization. Harley Earl didn’t hire women until the mid-50s and only let them work on interiors. Of course, Sloan wouldn’t have much approved parking lots full of Toyotas and VWs, so there.
For once libtards aren’t screaming about equal pay for women! Even though this libtard is grossly overpaid!!!
Mary Barra is laughing all the way to the bank. At YOU! You go girl.
Where do you get your information from about GM workers yrly income? My husband worked at GM 41 yrs and retired 3 yrs ago and never made 80k at 40 hr work wk. Pretty sure they dont now either!!
Well she made a little bit less this year than in 2021, this means that she also got a reduction in salary of about $200K. So the reduction she saw (which is a drop in the bucket) is 3 times a median salary of a US based employee! Unbelievable.
Just take a look at what Mr. Toyoda (as chairman and CEO) makes. He got paid around $3M and Mr. Kandt (BMW) got paid around $4M and guess what, they are the OWNERS of their company.
Time will tell….
She makes way more money than anyone else from the old neighborhood.
Disgusting
Talk about overpaid.
Grossly all over paid ,although the stock holders are happy , the consumers not.
This “Obummer Era” appointee has presided over the continuing market share collapse and destruction of what was once America’s finest auto manufacturer. She’s decimated the sales…Wasted billons in Asia and here she still sits after destroying GM. She needs to go!
Spot on.
GM Authority please keep these political statements off this forum if people want to talk stupid they can do it on Q
As long as politics, not customer demand dictates what car companies can and cannot build it’s grossly unfair to think politics shouldn’t be discussed. More of the old shut down the opposite opinion. Way too much of that going on in a once free USA. Censorship isn’t what Americans have fought and died for.