GM to pay new CEO Barra $1.6M in base salary
General Motors says new CEO Mary Barra will get a base salary of $1.6 million per year as she takes over the global automaker.
GM said in a government filing on Friday that Barra also will be eligible for $2.8 million in short-term incentives.
Her pay would climb further if GM shareholders approve a new long-term incentive plan at their next annual meeting. Stock and option awards make up the bulk of CEO pay at GM and many other publicly traded companies.
Dan Akerson, who retired as CEO Wednesday, had total 2012 pay of more than $11 million. That included a base salary of $1.7 million and $9.3 million in stock awards.
So I guess there are Big Salaries after all :)
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