GM CEO Barra's pay rose to $22.6 million in 2020
Reuters
Published Apr 30, 2021 12:08PM ET
By Paul Lienert
DETROIT (Reuters) - General Motors Co (NYSE:GM)'s chief executive officer, Mary Barra, received a compensation package worth $22.6 million in 2020, 4.6% more than the previous year, according to the U.S. automaker’s proxy statement released on Friday.
Barra’s pay package included a salary of $2.1 million, stock awards worth $12.99 million, options worth $3.75 million and a performance award worth $3.78 million.
Her base salary remained unchanged from 2019, while stock awards and options were up 7% and performance awards up 38%.
GM said Barra's compensation was about 201 times the median pay for its employees.
GM’s share price rose more than 13% in 2020, ending the year at $41.84. On Thursday, its shares were $56.84 in midday trade, and its market cap was more than $81 million.
GM faced a number of challenges last year, including short-term plant closings triggered by the spread of COVID-19.
The company suspended its dividend a year ago, and has not indicated if or when it will be reinstated.
A year ago, Barra announced that GM would boost its spending on electric and automated vehicles to more than $27 billion through 2025, with plans to launch 30 EVs globally — including more than 20 in North America — in that time frame. She also reiterated GM’s target of selling more than 1 million EVs a year by 2025.
The company's board of directors is recommending a vote against two shareholder proposals, including one that would peg executive compensation in part to greenhouse gas emissions targets.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.