GM CEO Mary Barra earned 5.9 percent more in 2024 than she did in 2023, according to the latest data, though her base salary remains the same as it was in 2022.
Mary Barra’s windfall comes from add-ons to her salary, including stock awards and incentive pay, Automotive News reports, which, all told, amounted to roughly 13 times her regular salary in 2024.
With everything added together, Mary Barra took home a whopping $29.5 million in pay for 2024. The largest item, stock awards, came to $19.5 million, a 33-percent surge from her 2023 haul of stocks. She got $6.7 million in direct incentive pay, a 27-percent rise from the previous year, though she got no stock options at all compared to $4.9 million in each of 2022 and 2023. These sums were stacked on her base $2.1 million salary.
Back in 2023 The General’s chief executive lost out on some significant incentives when the company missed its EV and autonomous vehicle (AV) targets. This actually caused her to get 3.9 percent less pay in 2023 than in 2022, when she raked in $28.9 million. Therefore, the income of Mary Barra for 2024 is almost identical to 2022, and only rose notably because of lost incentives in the intervening year.
Mark Reuss, president of GM, earned $18.5 million in 2024, or a little more than half of Barra’s pay, while Paul Jacobson got $13.1 million in his role as Chief Financial Officer. Now-retired Craig Glidden got $10.4 million in 2024 as one of the top executives of the currently defunct Cruise robotaxi subsidiary, and executive VP Rory Harvey pocketed $9.8 million in pay.
Mary Barry earned 310 times the $95,111 in pay a median General Motors employee took home in 2024. GM compensation committee chair Wesley Bush credited her with the automaker’s performance in 2024, noting the company’s successes were “a clear reflection of the successful efforts of our extraordinary executive leadership team, led by Ms. Barra, to drive our strategic transformation forward and invest in the business to grow value for shareholders.”
Though the company’s net income dropped 41 percent to $6 billion, its pretax earnings of $14.9 billion set a new record.
Comments
So all those execs combined earner 81.3 million dollars last year. Is there a point where we as stock owners need to file a RICO lawsuit? I’m assuming this also doesn’t include board member pay, and that’s extra. We’re looking at potentially just executives making 2% of net profit which does hurt my returns. I don’t think there is that amount of added value, and this feels more like a mob of closely knit friends paying each other off and keeping each other employed.
I’m curious how the value of her stock awards was affected by stock buybacks GM has done over the relevant period. Outstanding shares dropped by almost 20% over 2024, some quick and imprecise math makes me guess those buybacks were worth over $3 million to her. The recently announced buybacks of $6 billion would drop that amount of outstanding shares another 13% (based on current market cap). That $6 billion is money spent to fluff up the stock price and EPS instead of R&D, quality improvements, or employee pay. While many regular people who directly or indirectly own GM stock benefit a little bit from these buybacks, C-Suite and large holders benefit the most at the potential expense of company competitiveness. Another great American company, Intel, played these same buybacks games over the 2010’s and are pretty much on the deathknell because they lost their competitive edge in an industry with huge capital outlays.
Shawn Fein had the same question about buybacks. I am no Shawn Fein fan but I have to agree with him on buybacks.
exactly…and look where INTEL is now…should be a wake up call to all
Luckily GM has been making money every single year, so it’s not as bad as Intel’s current unprofitability streak. I’d say reducing debt would be better in case they needed to borrow up, but their current debt is probably at relatively low rates making buybacks the better option to reduce money cost. GM’s Debt:Equity ratio at around 2 is much higher than the S&P Global average of around .3 (although Ford, who didn’t benefit from the bailout debt reset, is higher at around 3.5). I guess I’m more mad that most GM powertrains can’t touch the Germans for efficiency and power, something $6 billion could go a long ways towards matching.
Horrible self serving. Let all those executives go and work the assembly lines, let them work the warehouses, then take half their pay for the bonuses that those people deserve.
She wouldn’t last an hour on the assembly line
She started on the assembly line. Assembly line work is not tough.
Have you ever tried it?
Mudman sits in a cubicle and has no clue.
Come on down brotha and show us what you got..
After all the stupid decisions that she has made , and they keep paying the stupid idiot more money. I sold all my stock last summer and just broke even.
same…the stock in the past 10years hasn’t moved more than 4% up and…short of the sudden burst the past couple weeks, its sits around $32 for 10years?? That should tell investors something…GM is not run by car people. Every time car people run it–stocks go up because they build cars people want.
Your right you don*t think. Only the true facts please.
Appalling.
Never have so many been paid so much for doing SO LITTLE
Jealousy comes in all forms. Isn’t America Great. The only thing stopping us from earning that much is……..us. Try blaming that person you see in a mirror next time. It won’t make you a single cent, but, maybe you’ll fell better. Or not….
I’m happy with my pay and with my lot in life however I EARN my money don’t have it handed to me.
If you are so happy. why ?? Are you saying such silly things. You are contradicting yourself. Could you be more Jealous?? Maybe you would “EARN” more money if you were to not waste your time writing such non sense and go out and “work ” an incredible
number of hours like others do. I would never suggest “WAH! WAH! WAH! Cry me a river.
I bet I outwork you and your family combined. Why do t you check the mail- I think your welfare check arrived.
Executives don’t get these stock bonuses unless the company does well, something it would not be doing it the Neanderthals posting here ran it.
Hogwash. The execs are the ones that set up the bonuses in their favor. The hand-picked board just rubber stamps them
“Executives don’t get these stock bonuses unless the company does well.”
BS. Blackrock and friends pay well to follow their agenda, that’s it. But you think MUSK is the bad guy.
I’m fine with Musks payout of 60 million cause it was contingent on him pulling off an almost unimaginable achievement, of making Tesla profitable. Value was added. What value has Mary added? I’m fine with Bezos wealth as it came from ownership in one of the most successful companies of all time. Mary got her money with no risk. Just clawing her way to the top, shooting down those around her who were in competition. She took no risks, just exploited the corporate system for maximum payback. When she makes GM #1 auto company in the world again, then we’ll talk about a big payout.
Mary Barra has written 3 books on things like her management style. Have you read any of these books.?? NOOO!!!. Educate yourself on things . Stop reading “BULLONEY” on the internet. Written by her compeditors maybe ??>> HMMM>!!!! Are you one of them.
You Are one of us you are one of us. You sound like a PARROT ? Think before you write please.
Yep that, nepotism and the Ivy league Good Ol’boys network.
Actually worth every penny. If she got it wrong on two car lines or segments, that could sink the whole company. Think Roger Smith. The auto industry is risky. I can’t mosey in down to the Packard or even a Fisker dealer and get into a new set of wheels.
You mean she didn’t get it wrong on the Brightdrop van and the full size trucks that were supposed to sell 600,000 units a year? And you also can’t mosey on down to the GM dealer and get a mainstream sedan or a 4 passenger sport coupe or a Bronco competitor or a new full size van that’s not a 40 year old design. Bara mix Roger Smith look like a genius
We posters here are NOT the average car buyer. We are enthusiasts. You would like the Caprice SS PPV. I would like a modern version of Rockford’s 78 Firebird. But it ain’t going to happen. To survive, GM needs to sell volumes to a Hockey Mom or Dance Competition dad. Plus, that 40 year old van mints cash. The tooling is long paid for. If it ain’t broke, don’t fix it.
Their seem to be more wimpy Canadian EV owners than actual enthusiasts here, lol.
There
We can always go get a hybrid at the Bui…..um Cadill…..
Um the Chev….
Oh never mind. Mary’s no’hybrid error is an all-time massive, corporate mistake, but hey…she’s a woman.
Roger smith comparatively did much better than scary Mary in both inflation adjusted earnings and sales volume. Roger gets too much hate cause he p1$$ed of Micheal Moore (a flex in Roger direction TBFH) Roger brought us Saturn, and kept it very reliable and profitable during his whole tenure. It’s only fitting Scary Mary killed one of Roger Smiths pet projects.
Right! Instead of building off the technology from Bob Lutz’s incredible extended-range EV, the VOLT, she killed it and the research and technology that GM had invested. The VOLTEC driveline is still almost 20 years ahead of all the manufacturers.
Simply electrifying!
-The ICE Man
What the hell can you say? “GROSS” isn’t a dirty word.
Her pay is why no one can purchase new vehicles,,,congratulations job well done
Man she made a ton of money, all because they have increased car prices the past 3 years by 35%, and ignorant people have been paying it!! They should really bring back an economics 101 class back into schools, where they teach young adults about finances, credit cards, loans, and interest rates!!!
I for one, am welcoming a recession to put all these manufacturers back into reality!!
If those ignorant people weren’t buying the cars you MAKE YOU WOULDN’T have a JOB!Don’t whine on here meet with Mary and you all complain to her. Be thankful for the job u have.Wife of a 40 year GM retiree
I’m surprised it’s that low for a CEO today. The real money to be made is in stocks – for tax purposes – and even that was under half a billion. Compared to CEO salaries for tech companies (which car companies are swiftly turning into), this is on the low end of the spectrum.
If you subtracted the $1 BILLION LOSS on “Cruise” what would that leave her with ?
At my Fortune 500 company , smaller than GM, Top CEO makes 1000 times what a well paid middle manager makes, It is all public record. The disparity is noticeable, and I am jealous. I spent 30 years there and could never break through. Not sure how it should be addressed, but it seems if you work hard all your life, maybe we could have a few more crumbs for our table.
Need to RICO the big banks and corporate boards. It’s a money laundering scam. They boards, made up of other CEO’s normally and former CEO’s have a club where you get it, make big money, then prop up your system. It’s broken just like our judicial system and law system. It’s a scam that needs broken down.
And then there are so many homeless people on the street.
She deserved maybe a penny of that.
When she wants a pay increase she just raises the price of vehicles. GM buyers need to send her and the top executives a message and stop buying any of the GM products until they can get the price of trucks back early 2000 prices. Top LT z71 Silverado $25000
Top pay, but top issues on lifters?
And GM are still making junk!
I’m wondering if the automakers have ever paid back the bail out money they got years ago from the government?
Yes. A long time ago with interest.
She is a dedicated Liberal opportunist who knows nothing about Automobiles or the Automobile market. She almost broke the company with her loyalty to EV products that the majority of GM consumers do not want or care about. At least she had enough Executives around her to convince her to stop building battery plants and sell off that money losing albatross. Let Musk and Lucid do that. They are much better at it! Thanks to Mark Reuss who is a car guy and has championed the Corvette , even with the money losing E Ray that was crammed down his throat. Kudous for the Cadillac V line. Mark even made that miserable Lyrique somewhat not so nauseating. Ford finally woke up and realized they cannot give away the electric version of their best selling and most profitable F 150 truckline. She should be replaced and hired by Jaguar. GM should bring back Pontiac and start designing and building excitement again. Maybe I will start buying GM stock again!
She is an automotive engineer who has worked at GM since she was an intern at 19. She knows a hell of a lot more, about cars than you do. The comoany is doing far better under her than her predecessors. I know women scare manbabies but you need to grow up eventually.
How is it doing better? The layoffs? The shrunken market share? The enormous waste of billions on “all electric futures”? the plants that are running at a tenth of capacity because of said future? The stock buybacks that could have funded gm’s massive product holes?
No. Her career was in HR.
You do not take an automotive electrical engineering course to work in HR.
GM’s net profit in 2023 was 10.1 billion. In 2024 that dropped to 6 Billion. How is that doing far better? And how does making 4 .1 billion less profit entitle her to another increase to 29.5M? I’m not even going to go into all the layoffs, her wasted funds on her triple zero fantasy and all the product holes this company now has aka swiss cheese Motors.
Yep, she makes roger smith look like a masterpiece, time for this pos to be fired.
I see much mass ignorance here. Most like to complain and few know any if only a few facts.
Would not last on the line for an hour?
Mary started at GM working on the line inspecting body panels at Hamtramck. She then went to the GM Kettering School and got a degree in Automotive electrical engineering. She used that job to pay her own way through collage. She later graduated with honors from Stamford. with a Masters in Business.
She then worked here way up through the company and made it to the top. She has kept GM stable and profitable post bail out and continued to try to change the toxic culture that killed GM before.
Has she been perfect? No. but she has done much better than those at Chrysler and Ford. Chrysler is now owned by the French and Ford is having major quality issues and a leader that can’t get Ford stock over $9 for very long.
These are very challenging times and difficult to plan for. She has done well for the most part and reacted to the areas she fell short.
People like her work 24/7 and enjoy little personal life. They miss the kids growing up and often end in divorce and often ulcers.
The path she took could be followed by anyone who is willing to put the time and effort it. It is not like she had to be 7 foot to put a ball in a net. Efforts equal results here.
What she does is kept GM profitable and the stock generally stable through many challenges. It is not like a sports figure that just takes and gives little back.
The fact is if someone else had come in and not done as she has done Gm would be owned by a foreign company and many jobs that are paying well above the average income in the plants would not exist here.
Some of you really need to learn how real car companies work. It is not just about building a cool car. Its about building high volume affordable boring cars that pay the bills and make money. That is a tough thing to do but that is where companies find stability and security.
So in place of complaining why don’t you take the same path as she has if you think you can do better. No one is stopping you. Put up or shut up.
Inspecting panels for a summer job. Sounds backbreaking. Many of us don’t fall in the DEI category so we would have no chance at today’s GM. BTW from what I hear she rarely works more than an 8 hour day.
BTW??? What does that even mean?? From what you hear? Rumours are like rear ends ever one has one. You didn*t start that rumour did you.?? You are not Curly Larry or Moe or Shemp are you.??
No, the Stooges are running gm and Ford these days. Never mind where I get my information, but it is from people on the inside in positions of authority.
You are a ignorant, idiotic, sexist tool.
And you are a misogynistic racist hypocrite wokester. You claim you are all for “equality” but according to your pinhead world view, women should not face the consequences of their failures since they need all the help they could get. True equality means success is rewarded, and failure is sanctioned regardless of a person’s gender, race, or ethnic background.
She didn’t fail. GM profits and share price are far higher than when she became CEO, little boy. The men before her you are crushing on bankrupted the company.
Here come the -ist and -phobe names. Mudman lost another argument.
During the second world men went off to war .Women went to work in factories. They worked and did a MAN*S job. Worked just as hard as men and took care of families too.
Rosie the RIVETER. You CAVE MAN mentality you!!!. They never complained. You owe all women an apoligy. I worked on assembly line beside women. God bless them. I*m a REAL MAN. I tell it as it is. Never play “KISSY FACE”. I have no shame.!!!
I gathered you have no shame. I worked with women too- most of my supervisors were women and I had a great deal of respect for them. However, they did their jobs, ignored all the woke BS, and got things done. They were not celebrity managers trying to make a name for themselves while running their organizations into the ground. Face it, there have been many male executives that have been fired for screwing up much less than Barra.
Line most MAGAtards, you toss, around the word “woke” with no actual clue what it means.
shut up you libturd annoying ukraine loving son of a b****!
And how many of those women went home to their families and slept in their own bed every night? How many of those women were slaughtered on the beaches of Normandy?
That was very well said. Mary is a remarkable person with true credentials. When her book was published, I bought 10 copies to give to the managers at my Cadillac dealership, where I was a customer.
FYI the EV stuff is not going to go away. We are just one election from its return. So a good company will have EV along side ICE.
Also I just flew in from California. EV products are a major part of California sales. EV models are everyplace. California is the largest auto market in America and if you do not offer EV models there you will be leaving money on the table. It is a must they offer these cars there but also keep ICE alive as long as possible that is just what Mary is doing in the most profitable areas.
Yes it is sad Cadillac is going all EV but as an ICE brand they are not earning their keep with only good sales of one model the Escalade. EV may save Cadillac if not they will die anyways.
2M6,
I don’t understand why folks keep saying if GM is not selling EVs, they’ll be “leaving money on the table”. If they’re losing money on every one they make, and they still are despite their convoluted statement about variable profit positive or whatever they said, then how exactly would they be leaving money on the table? As best as I can tell GM has never made a dime on EVs despite 29 years of trying.
I don’t suggest that they do this but EVs are such a drag on profitability that if they dropped them all tomorrow, they’d suddenly be making a lot more money.
Rocket I’m anything but a EV fan but I saw what is happening in California. The EV numbers are staggering. These are cars purchased willingly.
Yes they will lose money now but what they spend now will reap profits in the future. You need to plan 10 years out with this.
I wish these articles ended with quotes about building great products, not maximizing shareholder value. The sense of pride is lost from manufacturing. It’s not just a GM problem..
Nice work! Wouldn’t it be exciting to be in that kind of position? Good for them putting in all the hard work to make it to these top jobs.
I sent in my application. I’ll do it for half
By not producing what the buyer wants ,. she telling the buyer what to buy .. So with that said any amount over $ 1.99 she is over paid . Lets not talk about Poor transmissions, engines, poor colors, cheap interior material and penny pinching options . Yes way over paid …
Thank you for your comment. I have not had such a great laugh in a long time.” You the unknowing led by the unwilling can now do nothing with any thing.” That statement makes about as much sense as your comment. Only the facts please. You don*t have any.!!!
You and tigger spend all day long complaining about G.M. Why???
Because we remember when GM was a pillar of our society and represented everything that made this country a powerhouse- innovation, market dominance, productive might. Today’s gm is only a shadow of its former self and is not even dominant in the automotive sector let alone this nation.
GM is now officially a woke a** company.
Yes, I miss the incredible stable of iconic names from the 1960s: Riviera, Grand Prix, Eldorado, GTO, Electra, Deville, and Firebird. My parents had all these gems. But now GM (Cadillac) has an extraordinary racing team. Affording the best GM vehicles is only available to upper-income drivers. That is what I particularly miss about GM’s past. However, Toyota is a worthy heir. I just bought the Crown Signia. It’s a revelation, being 1/3 the price of our Escalade IQ but just as fun to drive, showing the exciting potential of Toyota’s new products.
My journey through the world of luxury cars has been a fascinating one, having owned every iconic brand: MB S, BMW 7, and Lexus 450. The Cadillacs we own have proven to be on par with, if not superior to, the German brands. The Lexus 450, in particular, was a pinnacle of quality, although it lacked the excitement we were after. However, our main issue has been the subpar dealer service. Despite being based in Washington, D.C., we found ourselves driving to a dealer in Lancaster, PA, in search of the top-notch service we desired.
GM does not get the value from what she is getting paid.
Come on now. The only thing that matters is those mean men that liked Camaros and cars are gone. Just run the company in the ground. It’s an entirely different company than it was when they built a car for every income. Now it’s rich guys only. Sad.
This proves that GM is going out of business for good.
Mary Barra is even worse than roger smith, plus she’s a woke a** puppet who wants EV’s while we don’t have the infrastrucure for that garbage, time for her woke libturd a** to be fired, gm will collapse like stellantis.
You’re so fu*king wrong. I’d bet you can’t afford a new Chevrolet Trax.
Mary is worth every cent and more. With its outstanding management and foresight, General Motors has never been better. My Cadillac CT5-V is the best performance car I’ve ever owned. We are more than thrilled about the summer delivery of our Escalade IQ. I’m not wealthy; we’re retired. We supported Harris/Walz and Biden, are great admirers of Bernie and Hillary, and are so proud of our representative, Jaime Raskin.
Out of touch Boomers supporting the other out of touch Boomers. This really tracks.
Not all of us Boomers are out of touch. Other than the possibility of the pandemic having destroyed a lot of brain cells (I never had it), many Boomers smoked a LOT of pot over the years and I’m convinced that that’s why so many need brain transplants. I always hated the stuff, but many of my friends near in age sure need new ones.
I didn’t and never do mean to imply ALL of you.
Read my forward posts. It’s funny that I voted against legalizing pot in Maryland. I am not a Conservative; I am just alarmed that traffic fatalities continue to rise despite great technologies.
John, you’re spot on. I’m a Boomer with a criminal record, arrested for a Vietnam War protest. I believe we Boomers have fu*ked up the country. The America our parents left us is no longer. I think something may be changing. The generation is being activated. I’ve participated in violent Tesla protests. We’re discussing military coups and Dealey Plaza. Almost everyone I know is not concerned about their Social Security. We are regressing and have memories of protests that brought down 2 Presidencies.
She’s been overobsessed with EVs, that few want, has let quality tank, and been arrogant, gougy and cheap. On the latter, I discovered last week that buying a service loaner no longer means the warranty starts on the day you purchase it but on the day it goes into loaner service. Now that’s CHEAP. And disgusting. I am getting over GM VERY quickly.
2020 canyon 2.8- needed a new transmission
2022 2500 6.6- needed a new transmission
2023 3500 6.6- you guessed it, needed a transmission.
My 2014-2016-2019 have been reliable. Wtf is up with the newer vehicles?
It’s getting harder to stay loyal.
Gm is going to lose in long run it does not invest in it’s employees. It treats it’s workers like crap. I have 40 in this month. All I see is robots. All I get is rodot left overs for my work. Robots don’t buy cars don’t pay taxes they destroy the work force while the pigs get rich i hope line work is easy because these folks will be the ones building vehicles when we r all gone. No one wants to start working here now. For me it’s like a bad marriage you can’t get out of.
Politics of envy on full display here. Now, those of you must never buy GM again. Walk the talk! If you can’t, or won’t, stop whining !
hmmm…paid to make cars customers don’t want. Imagine the profits they’d make if they built cars customers want — instead of politicians. I live in CA and 2% of the whak jobs here want an EV. Cadillac is selling the sh33t out of Escalade – ICE trucks – not EV Escalades.
Guess the days of CEOs making 25 percent more than company workers is a thing of the past. That’s how ridiculous it has become
I have no problem with CEOs being paid well…the sky is the limit…IF they perform and deliver for the company. On most metrics Mary Barra is a failure. Everyone here knows GM’s issues and the litany of recent failures so I won’t go through them all but my opinion is that GM has made themselves appear to be healthy and profitable but in actuality, there are fundamental problems that will have ramifications long after Barra is gone.
It’s been said that US presidents cannot truthfully be judged until long after they’re gone and the full measure of history reveals the wisdom, or lack thereof, of their decisions. I think that applies here too. She may be ‘Woman of the Year’ now but in time, like with Roger B. Smith, she will have left GM worse than she found it.
I never seen like her can’t satisfied anyone. Get out ASAP!
I have no problem with high pay when it is merited, it’s the junk product portfolio (BWs, ZR2s, and C8 notwithstanding) she keeps pushing.
Stock price isn’t everything. Were any of you around in 2000?
I love the misandrist comments that lack a logical argument. Very predictable. Try harder. It is funny how people keep bringing up her past. Don’t conflate qualifications with competence.
Putting all of your eggs in one basket (goal zero, ev-only by ’35) is foolish no matter the industry. But it is expected from someone who has never been told “no”. In some circles this is called a “protected class”. If Mary’s admin assistants continue to post here in a vain attempt to defend her, they should at least use their real names so that they can take some credit for their spin. Same for the simps.
It’s time to boycott G.M.
They need to fix problems and get rid of Mary B. and her cronies.
Pretty easy to boycott a company when they no longer make anything you want and the crap they do make is overpriced. I haven’t boycotted them on purpose, there was a point in time that the only vehicles I had ever owned were GM, but the last thing I bought was a 2015 Z/28. I didn’t leave “GM”, “gm” left me.
Same!
If She is Doing so Dam Good Then Why are People with Chevy Trucks Having to Replace or Fix Their Frames on Their Trucks I’ve Been a Chevy Man all My Life and have never Seen So Many Frames Rusted Out on Their Vehicles At Least Toyota made it Right with their Customers First Time in 60 years I’ve Wanted to Change Brands and Half of My Family Retired from GM Also they’ve Known About this Problem and Only sent a Flyer to the Dealerships Not their Customers So They’re Loosing a Lot of Customers around where I live Because of the Problem My Uncle Thought They Would Make it Right But Can’t Find No One That’ll Even Talk about Making it Right