General Motors CEO Mary Barra’s 2019 compensation fell slightly, but she remains the highest paid chief executive among the Detroit 3.
Barra’s total pay package was $21.6 million last year, a decline of 1 percent – or about $240,000.
Her compensation, disclosed Monday in GM’s annual proxy statement, includes a $2.1 million base salary, unchanged from 2018; $2.7 million in short-term incentives, down from $4.5 million; and $12.1 million in stock awards, up from $11.1 million in 2018.
Amid the coronavirus crisis, Barra and other GM executives have deferred 20 percent of their salaries starting April 1. Senior leadership took another 10 percent cut and other executives took an additional 5 percent reduction. Pay for GM’s board of directors have been cut 20 percent and will not be repaid.
Ford Motor Co. CEO Jim Hackett‘s total compensation last year was $17.36 million, down from $17.75 million in 2018, according to the company’s annual proxy statement filed earlier this month.
