{"id":35136,"date":"2015-04-27T07:25:27","date_gmt":"2015-04-27T11:25:27","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=35136"},"modified":"2015-04-27T07:25:27","modified_gmt":"2015-04-27T11:25:27","slug":"general-motors-company-nysegm-first-woman-ceo-earns-more-than-male-predecessor","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/general-motors-company-nysegm-first-woman-ceo-earns-more-than-male-predecessor-35136","title":{"rendered":"General Motors Company (NYSE:GM) First Woman CEO Earns More Than Male Predecessor"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>General Motors Company (NYSE:GM)<\/strong> CEO, Mary Barra, earned more than $16.2 million in her first year at the helm of US&#8217;s largest car company. Barra was appointed to the top job in January 2014. Mary Barra had received accolades for her leadership of GM through a recall scandal in 2014, and it turns out she was well compensated for it as well. She received 80% more than the $9 million compensation received by her predecessor, Dan Akerson.<\/p>\n<p style=\"text-align: justify;\">Barra was allocated a base salary of $1.6 million and awarded stock awards of over $13.7 million which can be encashed only after many years. She didn\u2019t receive a cash bonus just like all of other GM&#8217;s executives. Her compensation is 290 fold the amount earned by a worker having the union&#8217;s top wage.<\/p>\n<p style=\"text-align: justify;\">Barra delivered more than an internal compensation target. According to GM, she could have made more money if other performance targets were achieved.<\/p>\n<p style=\"text-align: justify;\">She had a turbulent year in the job as the company was faced with a recall crisis costing it over $4 billion. Barra apologized on more than one occasion for the lapse of GM executives not recalling for ten years of automobiles with a defective ignition switch. The defect is now held responsible for at least 87 people dying.<\/p>\n<p style=\"text-align: justify;\">She put up a $500 million compensation fund for the affected and their families. Barra requested an independent investigation into what she dubbed a &#8220;fundamental failure&#8221; in not recalling the defective cars earlier. That investigation resulted in the firing of 15 executives.<\/p>\n<p style=\"text-align: justify;\">Cindy Estrada, the vice-president of the United Auto Workers union, opined that UAW members had toiled to make the new GM the prosperous company it is currently.<\/p>\n<p style=\"text-align: justify;\">General Motors Company (NYSE:GM) was forced to recall 2.6m cars as a result of the ignition switch issue, which cost $2.8 billion. Last week a judge ruled that GM would not have to confront loads of lawsuits accusing the company of concealing the ignition switch defect ahead of its bankruptcy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Motors Company (NYSE:GM) CEO, Mary Barra, earned more than $16.2 million in her first year at the helm of US&#8217;s largest car company. Barra [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":15001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2018],"tags":[1700,7977,632],"stock_ticker":[],"class_list":["post-35136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","tag-general-motors-company-nysegm","tag-mary-barra","tag-nysegm","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>General Motors Company (NYSE:GM) First Woman CEO Earns More Than Male Predecessor - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/general-motors-company-nysegm-first-woman-ceo-earns-more-than-male-predecessor-35136\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Motors Company (NYSE:GM) First Woman CEO Earns More Than Male Predecessor - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"General Motors Company (NYSE:GM) CEO, Mary Barra, earned more than $16.2 million in her first year at the helm of US&#8217;s largest car company. 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