General Motors CEO Mary Barra had a rough first year at the helm of the automotive giant managing recalls of tens of millions of vehicles and Congressional hearings over their handling. Despite that, she made around $14.4 million in 2014, and Barra and other top execs just received even more shares of the automaker's stock for 2015.
Barra is being awarded 79,639 restricted shares as part of GM's long-term incentive plan in 2015, over 10,000 more than last year. Based on the current market value, they are worth around $3 million, Reuters estimates. She isn't the only one receiving additional stock, though. Company president Dan Ammann gets 29,865 shares, worth around $1.1 million, and product development chief Mark Reuss receives 25,385 of them, valued at about $955,000 presently.
Barra had a base salary of $1.6 million in 2014, $100,000 less than previous CEO Dan Akerson. However, a short-term incentive plan and 69,214 restricted shares from the long-term incentives, according to Reuters, pushed her up to the roughly $14.4 million in total. That was a healthy jump over the $11.1 million Akerson made in his final year as boss.
For all of 2014, GM reported adjusted earnings before interest and taxes of $6.5 billion, down from $8.6 billion in 2013, and the automaker paid out about $2.8 billion in recall-related costs in that time. Net income for the year was $2.8 billion, a drop of about $1 billion.