New female GM CEO making 48% less than outgoing male CEO

[Texashiker]

After 33 years working for GM, Mary Barra has taken the reigns as the new CEO.

The problem is, she is making 48% less than what the outgoing male CEO was making, and he had no experience running a car company.

http://www.foxbusiness.com/economy-policy/2014/02/03/white-house-missteps-on-gm-pay-gap/

The White House said in a statement that State of the Union guests like Barra who "have been invited to sit with the First Lady represent the stories of millions of Americans across the country, who are working hard to better their communities, improve their own economic outcomes and help restore opportunity for all."

Trouble is, Barra is not even getting 77%, but less than half, 48%, of the pay of GM's outgoing male CEO who had no prior experience running a car company. Barra replaced former Carlyle Group executive Dan Akerson, who ran the automaker after it got a massive $49.5 billion taxpayer bailout.

Barra will get $4.4 million in total yearly compensation.

Outgoing CEO Akerson got an estimated $9 million yearly compensation.

I am surprised this is not all over the news. Where is the feminist outrage?

 

[senseamp]

Toyota CEO gets paid $2.3M
Honda CEO gets paid $1.84M

 

[PokerGuy]

Why should there be outrage? Is there some requirement that the new CEO make more than the previous one? Is there any evidence that they're paying her less than the previous CEO because of her gender?

The CEO is paid whatever the board wants him or her to be paid. She doesn't have to take the job.

 

[brycejones]

Barra will get $4.4 million in total yearly compensation.

Outgoing CEO Akerson got an estimated $9 million yearly compensation.

I am surprised this is not all over the news. Where is the feminist outrage?

Trust me...she has a good year and has solid earnings growth and her pay will shoot up.

She is a first time CEO so I don't see anything unusual happening here except you attempting to troll for some reason. Are you getting jealous of Nehlam and his toaster?

 

[nickbits]

She sucks at negotiating salary?

 

[Genx87]

Oh the humanity. This poor millionaire. What law can we pass to get her those extra millions?

 

[alzan]

It could be that she and the board negotiated her first-year salary and that $4.4M is what they agreed on.

Enjoy your cup-o-rage, TH

 

[nehalem256]

I am surprised this is not all over the news. Where is the feminist outrage?

Its pretty simple. When you look at any individual case such is this it is simple to point out the many logical reasons why she makes less. So if feminists would act outrage they would look like idiots.

Makes much more sense to play games with statistics instead.

 

[Newell Steamer]

Where is the feminist outrage?

I think you're it.

EDIT: also, why should feminists be pissed off at her terrible negotiation skills? I don't remember that being on the Lib's agenda/check list to ruin your America.

 

[Fern]

Executive compensation is complex. A meaningful discussion would require an analysis of the two contracts.

For one thing, most exec compensation is from stock options. Stock option must generally be held at a minimum of 2-3 years before they can be exercised and sold, and when this excer/sale happens only then will the compensation show up.

There's no way a first year exec can have any compensation from stock options. (Well, theoretically it can happen but they would have to be non-qualified stock option and it's rare to see them. Most stock option plans are qualified under tax law and require a holding period.) I.e., of course their comp would appear to be less. But I'd guess she IS getting the options, it's just that she can't sell them/cash out for a few years

Fern

 

[spidey07]

Looks like she is a poor negotiator. That will make her a poor CEO as well.

 

[Munky]

Oh the horror... some woman is making less than some man. Must be oppression and discrimination, obviously... Mobilize the white knight brigade!

 

[Atomic Playboy]

Equality of pay is based around averages, not specific individual examples. If a male CEO is ridiculously overcompensated based on performance, there shouldn't be an expectation that a female CEO be similarly overcompensated but for sexism. Marissa Mayer made a boatload more than Scott Thompson when she took the reins of Yahoo; that doesn't disprove compensation inequality based on sex any more than this example does.

 

[Jaepheth]

I'll pay her twice my salary to do my job, and I'll take her job at only equal salary.

Then she'll be making twice what a male made at the same job and I'll be making more money than I ever dreamed of.

Everybody wins!

 

[MagickMan]

Trust me...she has a good year and has solid earnings growth and her pay will shoot up.

She is a first time CEO so I don't see anything unusual happening here except you attempting to troll for some reason. Are you getting jealous of Nehlam and his toaster?

This.

/thread

 

[BoberFett]

Doesn't Texashiker frequently complain about CEOs making too much money?

This forum is truly the armpit of the internet.

 

[Texashiker]

I don't see anything unusual happening here except you attempting to troll for some reason.

All of you bleeding heart liberals are always talking about how republicans hate women. Then when I make a thread inequality, I am called a troll?

As far as I am concerned the new CEO needs to be making as much as the outgoing CEO.

If you disagree then you are a woman hating republican.

Doesn't Texashiker frequently complain about CEOs making too much money?

She needs to be paid more money.

 

[spidey07]

That's not how it works. We don't pay people because of a job title or what the other person makes or person before. It's an agreement between employee and employer on what is acceptable compensation for the job.

She failed and negotiating her compensation. Miserably.

 

[K1052]

Jesus Christ.....they haven't even negotiated her long term incentive package which was a large part of her predecessor's total compensation figure. What a total non-story whipped up by the worst "news" organization in the country.

 

[Strk]

All of you bleeding heart liberals are always talking about how republicans hate women. Then when I make a thread inequality, I am called a troll?

As far as I am concerned the new CEO needs to be making as much as the outgoing CEO.

If you disagree then you are a woman hating republican.




She needs to be paid more money.

Why?

And as someone pointed out, look at Marissa Mayer. Her contract gives her a minimum of $117 million for five years.

 

[brycejones]

All of you bleeding heart liberals are always talking about how republicans hate women. Then when I make a thread inequality, I am called a troll?

As far as I am concerned the new CEO needs to be making as much as the outgoing CEO.

If you disagree then you are a woman hating republican.

You attempted to point out inequality where it doesn't exist which is why I called you a troll for this thread. CEO pay is highly variable and based on many factors.

BS, if you really believe this then you know absolutely nothing about executive compensation.

And here we are back at trolling.

 

[brycejones]

That's not how it works. We don't pay people because of a job title or what the other person makes or person before. It's an agreement between employee and employer on what is acceptable compensation for the job.

She failed and negotiating her compensation. Miserably.

Your head is about as firmly planted in your posterior as the OP's is.

 

[Fayd]

Toyota CEO gets paid $2.3M
Honda CEO gets paid $1.84M

and those companies are actually profitable.

 

[Victorian Gray]

After 33 years working for GM, Mary Barra has taken the reigns as the new CEO.

The problem is, she is making 48% less than what the outgoing male CEO was making, and he had no experience running a car company.

http://www.foxbusiness.com/economy-policy/2014/02/03/white-house-missteps-on-gm-pay-gap/


Barra will get $4.4 million in total yearly compensation.

Outgoing CEO Akerson got an estimated $9 million yearly compensation.

I am surprised this is not all over the news. Where is the feminist outrage?

 

[zinfamous]

The great thing would be if her salary, along with that of every other CEO, continues to drop in coming years.

....not that this would ever happen.