GM’s Mary Barra 3rd Highest-Paid Automotive CEO In 2022
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GM CEO Mary Barra was the third highest-paid automotive CEO last year, according to a recent report. Barra’s compensation for the 2022 calendar year was substantially greater than that of Ford CEO James Farley. The report indicates that Barra’s compensation fell substantially between 2021 and 2022.
According to Automotive News, which cites a study from Equilar Inc., GM CEO Mary Barra’s total compensation for the 2022 calendar year was $34,106,824, down from $62,260,812 in 2021. Note that the $34.1 million figure for 2022 differs from the $28.9 million figure reported by Detroit Free Press previously.
The Automotive News report states that Barra’s base salary for 2022 was $2.1 million, with $6.2 million received in bonuses and incentive plans, $24.6 million in stock award gains, $2.1 million in accumulated pension benefits, $4.7 million in deferred compensation, and $1.1 million in other compensation. Although Barra’s compensation was down significantly from 2021, the GM CEO’s base salary was unchanged. However, Barra did not exercise any options in 2022, while gaining $26.5 million in options in 2021.
Meanwhile, Ford CEO Farley was 14th on the list, with a total compensation amounting to $18,340,695. Stellantis CEO Carlos Tavares was not included in the study, as the automaker is based overseas, but reportedly received $26 million in compensation.
The top two CEOs in the study eclipse the rest of the entries by a considerable margin. Lucid Group CEO Peter Rawlinson was ranked second on the list with a total compensation of $379,029,183, more than eleven times the compensation of GM CEO Mary Barra. Lucid produces high-end electric vehicles. At the top of the list was Nvidia CEO Jensen Huang, who reportedly received $506,343,201 in compensation for 2022. Nvidia designs and supplies computer chips for use in automotive applications, including self-driving vehicles.
The median CEO compensation for 2022 was measured at $12.4 million, down 3.9 percent compared to 2021. According to researchers, the decline is likely the result of smaller bonuses paid in 2022.
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How nice for her…
Whatever she is paid, it’s too much.
Mary’s in charge. After all, I had to take salaried health benefits away from those pesky retirees.
Ha ha, that wasn’t mean like those awful men used to be. We women run the show much more compassionately. We take from those stupid retirees and give to me.
I’m laughing all the way to the bank. Also it helps fund my private plane rides if I can’t hop on my buddy bill gates private plane. Or zucky.
Isn’t it fun to watch the GM toadies pat mary on the back. Can’t hurt to look at all the car markets lost under her reign. It’s tragic.
Fun, while the rest of their workforce can’t even afford to lease or buy one their own vehicles. Also been slowly stripping away all the fun little perks employees used to enjoy too :/
Greg you are absolutely right. Even the cars or trucks under GMS. A lot of them are not GMS any more. Just the ones they can’t sell very well.
I knew I could count on the posters to call out her salary and totally ignore the male elephant in the room, Lucid shelled out 379,029,183 for a guy who runs a company which put out what a hundred vehicles. While I agree Mary is too high and should probably be in the 5-10 range, it is not outrageous compared to others.
you are comparing an actual company, gm, to a ponzi scheme for the few, lucid?
cool.
Thats my question. Isnt lucid close to bankruptcy? Sounds like an investigation is needed on behest of the stock owners.
Google top 100 ceo pay. Very enlightening. Performance and compensation are completely disconnected.
Wow! I knew the automotive industry CEOs received very high compensation but until reading this article I had know idea it’s as high as it is. With CEO annual earnings being as high as what’s stated here, it’s a level set that shows how out of balance the automotive industry really is, especially GM. Recently the things I read regarding GM are negative accounts of GM’s cars and overall business decision-making results does not paint GM’s future as being the industry leader it once was or is today. The once 5 GM brands are now down to just 3. Granted the growth of foreign auto manufacturers shares in the US market have increased dramatically for a few major reasons, their quality, reliability and efficiency are the most common. It actually shows the history of the Detroit’s Big Three’s global dominance was mostly due to the lack of competition from other automotive companies and not so much from the Big Three building better cars. In today’s global automotive industry there are a lot more manufacturers with worldwide reach and that has been chipping away at the US manufacturers market share with very good cars. Those cars represent volumes as well as strong competition. The market share they are taking is coming from the Big Three’s shares. It’s unlikely Detroit will ever get those shares back. To do so the Big Three would have to build much better cars than they ever have, plus they will have to overcome the negative perception that now exists and that’s more emotional in the buyers eyes and that will be harder than just building better cars. This is not just happening with cars, it has been that way in all industries since the beginning of modern evolution. A perfect example of this are the railroads, they once dominated the transportation industry when they were the only ones available. When cars, trucks and airplanes entered the field, it cut into just the railroads for the most part. It has taken years for the railroads to recover from the market share that they once owned. The recovery meant giving up a large portion of their market to their new competitors and will never get it back. Their new normal is a much smaller piece of the transportation industry. To remain a major profitable in the transportation industry they had to adapt to a much smaller market share. For the railroad industry to survive, it required the US formation of Amtrak and a focus on the freight industry that it now is today. The railroads should be a necessary business example for all businesses. The model for the rise and fall and the recovery stages for large businesses to follow.
Queen Mary wants all hourly workers to take a pay cut so she can get her new place in Switzerland. She is not worth what she gets paid you would think the shareholders would wise up but they are as ignorant as she is. And it is pretty sad that the employee discount is not even a discount. I work for Truck assembly in Flint and I can get a better deal on a Chrysler or a Ford vehicle so guess what I won’t be buying a Gm product
“Mary, Mary, Quite Contrary”…..
The title is “Mother Mary” not Queen Mary.
That’s very true in Michigan. Elsewhere they don’t want to sell gms because the dealers still gouge Joe average. Sad.
Race to the bottom is what we used to call it. Led by Mary and her band of toadies.
She’s untouchable by the way. board are hand picked get along gang members gonna stay status quo until she decides to leave the sinking ship and gets a job with obummer or one of the other rich ruling class. Look for her to be in someone’s cabinet like Jenny grannyholm. Your illustrious former gov
I work for general motors for 36 years, back in 2008 I was making $23 an hour. General motors said they can hire people for half that pay to do the same job, which they did. I say general motors can find somebody to do Mary Barr’s job, for $1 million a year!
It’s a damn shame that they don’t wanna pay us but they give the CEO 25 30 million a year salaries and 30 mill in stock options.. It’s sickening in all honesty…. Ford only gave permanent employees a signing bonus but now that tpt’s outnumber is they wanna gift them a signing bonus Adlai for the first time in history.. They took 3500 from the 9k they gave us in 2019 and wanna give it to the tpt’s along with us.. They wanna give us all 5500 shock isn’t much after taxes.. They’re moving the same money around and trying to make it look good.. They wanna tell us that if they give us a double digit raise they’ll go bankrupt but they can pay CEO’S 20 million plus av year and say we’re greedy… None of the CEO’S are worth 20 30 millional a year.. Corporate Greed at its finest.. They took everything from us in 2007 so thaddeus 4 contracts and 16 years at gift needed obey while they said it was to keep thy company afloat but the Big 3 hand made 250 billion they lay 10 years but they feel like we doing deserve any gains.. J hear these analysts say at got his gains last contract..I got a 1.60 raise over that 4 year contract. They wanna give us 2.88 cents over 4 years this contract. MAKE IT MAKE SENSE.. All the while giving themselves million dollar bonuses and stock options… It’s a Cold World….
You should try proof reading what you write before you send it. I have no idea what you were trying to say.
I don’t work for GM nor have I ever.
I have bought 5 new GM vehicles since Mary has been in charge, 1 Cadillac, 1 GMC and 3 Chevrolet’s all have been superb.
I’m really not sure why people are downing the CEO I really don’t get it.
I am someone that has owned many different makes and models.
Can someone give me some insight?
This article comes immediately after an article about the DOE announcing $15.5B for EV transition. Coincidence?
Also coincidental that the DOE handouts are directed toward automakers with older plants and a UAW workforce. I will venture a guess that the Big 3 will cave to most of the UAW demands since we will be footing the bill. And its good to see GM leadership rewarded for the continued performance we’ve come to expect from this team that has overseen global sales decline annually from over 10M in 2016 to 5.9M in 2022.
What about the pension people where’s their cost of living ?
All I can say is she is way overpaid!! I’ll do her job for 500k a year salary, and the bonuses would be rated on by the performance of how well GM does throughout the year.
I would listen to the customers and offer more affordable vehicle’s by getting rid of the fancy tech that many people don’t need!!!! That, and greed are driving these trucks/suvs out of the middle classes budget!!
On your offer:
Plus, I think you’d do a better job.
Not sure article is correct. I went to equilar’s site after a google search of 100 top ceo pay. She was not on the list, nor on cglytics. The top equilar was peloton’s ceo, Barry McCarthy. Like he isn’t overpaid at 168M. On cg site, oracle took slots 2&3 and both were paid 108M. On yet another site they are quoting the blackstone ceo at 253M, google at 225M and Hertz if you can believe it at 182M. Hertz! I agree Mary is paid too much and should be in the 5-10 range, but given the size of gm she is probably underpaid relative to her peers. CEO pay is obscene. Here google is your friend and can reveal just how obscene if you can stomach it. But I get it, this site is pretty anti-women ceo’s. Downvote away.
All Mary pushes is EV’s, and has anyone noticed the advertisements for them?
And with pretty much all manufacturers
Generally, when I see this level of expenditure, there just may be a glut of vehicles to buyers. This heavy handed push for EV production, with economic perks from our Government may indicate a hesitant buyer from the “Woke” and over paid Mary!
I’ve yet to read anything about what she’s done to improve GM profitability.
Of course she has. She’s raised the prices so high that they can show she’s done something. Every vehicle out the door of a plant is sold to a dealer. Now the dealer has to try to sell them at a profit. When no one can afford them, what’s next? Ho, ho, ho Mary’s gotta go!
ALL manufacturers are severely over charging the consumer for vehicles today and have been for years! The number of millionaires in most industries just prove how much actual profit they make off the backs of the consumer. If the unions don’t wake up and take a real look at themselves they aren’t going to survive either. The union leaders are as greedy as the CEOs of most companies. Tomg
Just watched “Roger and Me” on TV. It’s “deja vu all over again”.
I agree with the great Bob Lutz and his viewpoint of the automotive industry about 99% of the time.
The one time I strongly disagree with him is when it comes to Barra. He thinks she is doing a great job. I don’t. And we’ll see what the marketshare says when small letters gm phases in their all-electric, high cost of entry lineup. Her actions or non-actions are only paving the way for small letter gm to be taken over by the CCP or some hedge fund fronted by the CCP. But that is my opinion and I hope I am wrong.
At a business view point, Ms Barra is doing a good job. The criticism comes from those not wanting or or cannot get a vehicle they want. Now for union workers, it is a kick in the teeth.
Pension increases for current retirees $0, hourly wage increases $ small, increases for future retirees $0, increases in market share – -, Executives salaries ++, CEO compensation increases way too high & consumer confidence 0. Is there any connection?
Yeah, but is she wearing the all ‘New Color’ in the History of the World “NITRO FRENCH’S MUSTARD YELLOW” dress ?
The irony in the photo at the top of this article is that Barra is standing in front of a Cadillac Lyriq, a car that has had the most botched rollout in the GM’s history.
First year (over two quarters) delivery to the general public was 20 cars! Over the next three quarters the highest production has been 1,350 cars per quarter. All the while spending multiple millions of dollars on an high profile national advertising campaign when cars were not available with no projected delivery date, GM was keeping both their dealers and those on a waiting list in the dark with a near total communication blackout regarding what the hold up was while and Barra and her subordinates were saying “production continues to increase”.
Then she promoted the Cadillac VP who was in charge of this mess. It was Peter Principle in action.
Now Cadillac is pumping the new Cadillac Celestiq, a bespoke model starting at $340K.
How about basing her salary on vehicles actually delivered at a price the public can afford, not on how much the company is spending on the automotive equivalent of “vapor ware”?