Wheels Fly Off GM's CEO Pay Story - FoxBusiness.com -BoardProspects

Wheels Fly Off GM's CEO Pay Story

FoxBusiness.com Feb 10 2014 BoardNews

GM announced Monday afternoon that CEO Mary Barra will receive $14.4 million in total compensation this year, including $10 million in long-term compensation. Has General Motors’ (GM) new narrative on chief executive Mary Barra’s compensation hit the wall faster than a crash-test dummy? FOX Business has reported as it stands now, Barra will get $4.4 million in compensation, including $2.8 million in short-term awards and a base salary of $1.6 million in 2014. GM said long-term pay will be forthcoming after or around the time of its shareholder meeting...
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Quotes
1. There is no federal law, rule, or regulation that says companies must not or are prohibited from announcing or discussing long-term incentive compensation prior to their annual shareholder meetings.
2. With 33 years of experience at GM, Barra has risen through a series of manufacturing, engineering, and senior staff positions.
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Authors
- Elizabeth Macdonald