$29 million dollar gm CEO

[STYLO LT1]

What’s your opinion on gm CEO Marry Barra’s $29 million pay last year?

https://www.cnn.com/2023/09/18/busin...ike/index.html

[Gen6cyl]

GM is owned by share holders , she has a good part of that . She is making out like a bandit. A lot of the share holders are wokies, black rock.

[el ess A]

I have no problem with that. If that's what they offered and that's what she agreed to, that's getting it done. If you were offered that job, would you do it if they offered 29M/year? Or just, say, oh, no, that's too much. How about $200K per year?

Considering she's on the hook for overseeing the entire company's future, that's chump change.

If the board wanted someone else, they'd get someone else. CEO isn't just a job that's worth $15/hour. If you decide for yourself you do or don't want to invest in GM because of her and do your shareholder duties, well, ok then. That's up to you.

It's GM's money, not mine.

[genxer]

I wouldn't want the CEO on the board. And the board should have looked for a moneyball bargain. There had to have been an executive lifer that would sign for 7 or 8 years at $29 million. And would have done as well. GM was never going to be part of the asset bubble in-crowd.

[102SS]

Good for her...only 29m? she seems like a competent leader with the board of directors supporting her.

Bob Nardelli ran Home Depot in the early 2000's and got 25m per year.

Pretty sure he tried to run it into the ground and got gassed.

He then resurfaced at Chrysler and ran them into the ground before MB rescued them from bankruptcy.

[GearheadSS]

She's running a multi-billion dollar company. What do you think she should be paid?

[90503]

She should take some of that 29 million and buy every GM employee a copy of Animal Farm by George Orwell.

It's part of the current socialist/media montra that if you have anything more than I do, its unfair.

On another note, I'll bet she still steals pens and paper clips from the company. Also, is she single? (I might be in love.)

[lbls1]

As a CEO, that is probably in the avenue where her compensation would range. However, in real terms and IMO, that is a hefty sum given the poor selection of vehicles that the company currently ownes. I feel the management is out of touch with the values that a lot of car owners would like to have with new cars. You have to take this with a grain of salt, as it is my opinion. I feel that GM's current automobile selections short of the large truck and suvs, are boring and lifeless.

[snizzle]

Originally Posted by GearheadSS

She's running a multi-billion dollar company. What do you think she should be paid?

Citing her salary is just a union leadership talking point given recent events.

[FenwickHockey65]

Originally Posted by GearheadSS

She's running a multi-billion dollar company. What do you think she should be paid?

And despite what people here think, she's running it very well.

[genxer]

I wish the stock would pay a much bigger dividend. And they could use an employee stock option toward a UAW deal. But if I was UAW, the cost of living adjustment is the only un-compromisable.

[FarmerFran]

The horizontal bar chart shows the top 10 paid CEOs in the U.S.as of 2022.
Stephen Shwarzman. Blackstone. $253M.
Sundar Pichai. Alphabet. $226M.
Stephen Scherr. Hertz. $182M.
Barry McCarthy. Peloton. $168M.
Michael Rapino. Live Nation. $139M.
Safra Catz. Oracle. $138M.
Douglas Ingram. Sarepta Therapeutics. $125M.
Bill Ready. Pinterest. $123M.

[Aqua Blue RS/SS]

Originally Posted by FenwickHockey65

And despite what people here think, she's running it very well.

I guess if loosing billions on EV’s the market doesn’t want is considered running it well I’ll agree.

Oh yea and don’t forget that stupid ass logo change too.

[Gen6cyl]

I liked the traditional GM logo ,capital letters big and bold. Makes me think of the Pontiacs my parents had in the 60's and 70's. But tradition is frowned upon by some now and some companies ,i.e., anheuser- bush are looking for new and different clientele .