GM CEO Barra’s pay dipped slightly to just under $22 million in 2018

  • Bizline

Apr 20, 2019-

DETROIT: General Motors Co’s top executive, Mary Barra, received a compensation package worth just under $22 million in 2018, slightly less than the previous year, according to the No. 1 US automaker’s proxy statement released on Thursday. GM also said two members of the board of directors - former chairman of the joint chiefs of staff, retired Admiral Michael Mullen and the former CEO of ConocoPhillips , James Mulva - will not stand for re-election. The Detroit company did not name replacements, meaning the number of board members will drop to 11. GM and the rest of the auto industry are facing an expected decline in US demand this year, slowing sales in the world’s largest auto market in China and potential costly tariffs that could be imposed by the administration of US President Donald Trump as it negotiates new trade deals with China, Europe and Japan. GM is also investing heavily in developing electric and self-driving technologies. Barra’s total compensation package was valued at $21.87 million, slightly below the $21.96 million she received in 2017. Barra, GM’s chairman and chief executive, was paid $22.58 million in 2016. GM said Barra’s pay was 281 times that of the median company employee. (REUTERS)

Published: 20-04-2019 10:17

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