Barra's compensation for 2014 is about 59% higher than the $9.1 million former CEO Dan Akerson received for 2013, when the U.S. Treasury Department oversaw pay for the company's top executives.
Barra received $5.2 million in 2013 while she was senior vice president of global product development, according to GM's annual proxy statement released today.
The automaker's new president, Dan Ammann, is also getting a raise, to about $6.8 million,or 29% higher than the $5.3 million he earned as chief financial officer.
New CFO Chuck Stevens could will get 2014 total targeted compensation of $4 million.
The company set its annual stocholders meeting for June 10 at the Renaissance Center in Detroit, where shareholders will get a chance to vote on the automaker's compensation plan. Directors can refuse to follow shareholders' recommendation on compensation.
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The automaker said its top executives' actual compensation is tied to their individual performance and the company's overall financial performance, including global market share, pre-tax profits and quality metrics. That means actual compensation figures could be lower or higher depending on GM's outlook.
The board of directors has nominated outgoing UAW GM Vice President Joe Ashton to be a director as the representative of the UAW retiree health care trust.
Outgoing Vice Chairman Steve Girsky will remain on the board. GM previously said that directors David Bonderman, Cynthia Telles and Robert Krebs are leaving.
For 2013 Girsky received compensation of $6.4 million, up from $5.4 million in 2012. Ammann's compensation in 2013 was up f! rom $4.8 million in 2012. The company said GM Europe President Karl-Thomas Neumann's compensation in 2013 was $5.8 million.
New CFO Chuck Stevens could will get 2014 total targeted compensation of $4 million.
The company set its annual stocholders meeting for June 10 at the Renaissance Center in Detroit, where shareholders will get a chance to vote on the automaker's compensation plan. Directors can refuse to follow shareholders' recommendation on compensation.
The automaker said its top executives' actual compensation is tied to their individual performance and the company's overall financial performance, including global market share, pre-tax profits and quality metrics. That means actual compensation figures could be lower or higher depending on GM's outlook.
The board of directors has nominated outgoing UAW GM Vice President Joe Ashton to be a director as the representative of the UAW retiree health care trust.
Outgoing Vice Chairman Steve Girsky will remain on the board. GM previously said that directors David Bonderman, Cynthia Telles and Robert Krebs are leaving.
For 2013 Girsky received compensation of $6.4 million, up from $5.4 million in 2012. Ammann's compensation in 2013 was up from $4.8 million in 2012. The company said GM Europe President Karl-Thomas Neumann's compensation in 2013 was $5.8 million.
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