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| Mary Barra, CEO General Motors |
General Motors CEO Mary Barra will earn $14.4 million in 2014, a 60% bump over what her predecessor, Dan Akerson, made, the company announced today.
That compensation includes a $1.6 million
salary, $2.8 million in short-term incentives, and about $10 million in
long-term compensation.
GM had not planned to release the long-term
compensation figure until its proxy filing in April, but changed its mind after
it was accused of
underpaying its first female CEO by Fox News and others.
Without that extra $10 million, Barra was
making much less than Akerson, who brought home about $9 million in 2013, and
stepped down in early January. That prompted
Elizabeth McDonald at Fox to ask, "why does GM think Barra’s
value as its CEO is currently worth 52% less than Akerson's?"
Now that the final numbers are out, that
accusation is invalid.
Read the full story: www.businessinsider.com
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