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

shortylickens · Feb 4, 2014

So now the GM CEO will only be 5 times as overpriced, instead of 10 times?

CanOWorms · Feb 4, 2014

I don't understand why people are saying she's a bad negotiator. If you normalized her negotiation results due to her lack of male privilege (being a woman in a very male-dominated profession in a male-dominated industry), she did extremely well. What we see here is merely male privilege giving the prior CEO a huge boost. He probably negotiated worse, but ended up with more.

Hopefully her salary gets normalized.

Tweak155 · Feb 5, 2014

Gee, maybe it was his previous experience at other companies in high up positions?

http://en.wikipedia.org/wiki/Daniel_Akerson

He was Chief Executive at Nextel and revenue went up from $171mil to $3.3bil in the 3 years he was there. Pretty sure that looks good on a resume.

xaeniac · Feb 5, 2014

You all should understand 4.4 million to the majority of Anandtech is like 44k. Is this ATOT? Jeez

thraashman · Feb 5, 2014

Yahoo has a good article on why there's such a pay difference.
The jist is that A) The company split CEO into Chairman, CEO, and President. In addition any stock options they might be giving her were not released and will be released later this year. So it was neither she's a bad negotiator or they're paying her less than her predecessor. It's basically a different job now.

http://autos.yahoo.com/blogs/motoramic/why-gm-pay-gap-first-female-ceo-isn-202429910.html

nehalem256 · Feb 5, 2014

thraashman said:
Yahoo has a good article on why there's such a pay difference.
The jist is that A) The company split CEO into Chairman, CEO, and President. In addition any stock options they might be giving her were not released and will be released later this year. So it was neither she's a bad negotiator or they're paying her less than her predecessor. It's basically a different job now.

http://autos.yahoo.com/blogs/motoramic/why-gm-pay-gap-first-female-ceo-isn-202429910.html

So you are saying that not only are they paying her less, but they split off 2/3 of her responsibilities onto others(presumably white males), because a woman couldn't be trusted with them.

Seems like you are backing up TexasHiker's point

Ancalagon44 · Feb 5, 2014

senseamp said:
Toyota CEO gets paid $2.3M
Honda CEO gets paid $1.84M

This.

I think we are missing the point here - maybe it is a good thing that she is paid less, because the company is not doing that well.

Imagine the headlines if she was getting paid $15m - Greedy Bitch Taking all the money after GM got bailed out by Joe Taxpayer.

So, perhaps this is a good idea given the company's financial status.

Ophir · Feb 5, 2014

Texashiker said:
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.

It's uncanny how every single one of your posts, ever, shows such abject logic failure - even in the face of clear and continued rebuttal.

To be clear, you are being called a troll for persistently sticking with an argument that makes no sense and has been taken apart by literally everyone in this thread.

brycejones · Feb 5, 2014

Ophir said:
It's uncanny how every single one of your posts, ever, shows such abject logic failure - even in the face of clear and continued rebuttal.

To be clear, you are being called a troll for persistently sticking with an argument that makes no sense and has been taken apart by literally everyone in this thread.

Well except for Spidey.....he took some other troll position.

s0me0nesmind1 · Feb 5, 2014

Texashiker said:
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?

1. You have no idea of the actual compensation she is receiving other than what the media wants you to believe. Quote me all of her stock and equity compensations as well? Oh you don't have that information?

2. What do you think part of the reason for getting rid of the previous CEO was?

3. Get a clue

s0me0nesmind1 · Feb 5, 2014

Texashiker said:
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.

You're the type of person that does't even understand simple index investment accounts (as per ATOT thread on retirement) and you're worried about payment of superiors? Go sit next to the rest of the bleeding heart liberals crying about other's making too much or not making enough.

It's pathetic you worry so much about how much well-off you are vs. others

Smoblikat · Feb 7, 2014

So liberals bitch about CEO's making too much, and now when they dont make enough?

Sounds about right

Engineer · Feb 10, 2014

http://finance.yahoo.com/news/general-motors-ceo-barra-earn-202438888.html

General Motors Co's Mary Barra, the auto industry's first female chief executive officer, will be paid $14.4 million in cash and stock this year, 60 percent more than her predecessor, the automaker disclosed on Monday.

senseamp · Feb 10, 2014

The real headline should be GM's female CEO overpaid, but not as ridiculously as its former male CEO.

thraashman · Feb 10, 2014

senseamp said:
The real headline should be GM's female CEO overpaid, but not as ridiculously as its former male CEO.

I'm going to have to agree. Executives in general are overpaid in a lot of places. How about they get a base salary and then get bonuses based on company performance instead of this absurdity that is CEO compensation?

spidey07 · Feb 10, 2014

thraashman said:
I'm going to have to agree. Executives in general are overpaid in a lot of places. How about they get a base salary and then get bonuses based on company performance instead of this absurdity that is CEO compensation?

Huh? That's how exec compensation most always is. Salary + performance based bonuses/stock. There are other perks as well but that's the majority of it.

Fern · Feb 10, 2014

thraashman said:
I'm going to have to agree. Executives in general are overpaid in a lot of places. How about they get a base salary and then get bonuses based on company performance instead of this absurdity that is CEO compensation?

Seriously?

See Spidey's answer.

Fern

senseamp · Feb 10, 2014

You guys should not have worried. She will be sufficiently overpaid, compared to her Japanese counterparts, after all.

http://www.businessweek.com/news/20...ensation-may-total-14-dot-4-million-this-year

GM Says New CEOs Compensation May Total $14.4 Million This Year

I know some of you were really worried she'd only be paid double of what Toyota's CEO makes for his running a company making 4 times as much profit as GM does. There was no cause for concern, it will be six times as much. It wouldn't be America if she didn't make at least 24 times as a percentage of profit as her foreign competitor CEO.

Incorruptible · Feb 10, 2014

thraashman said:
I'm going to have to agree. Executives in general are overpaid in a lot of places. How about they get a base salary and then get bonuses based on company performance instead of this absurdity that is CEO compensation?

Are you serious? It's not up to you how much they get paid, it's up to the company.

brycejones · Feb 10, 2014

spidey07 said:
Huh? That's how exec compensation most always is. Salary + performance based bonuses/stock. There are other perks as well but that's the majority of it.

So is she a shitty negotiator still?

brycejones · Feb 10, 2014

Incorruptible said:
Are you serious? It's not up to you how much they get paid, it's up to the company.

So we can never talk about corporate compensation policies and governance then?

Incorruptible · Feb 10, 2014

brycejones said:
So we can never talk about corporate compensation policies and governance then?

We can talk about them and we are doing it in this thread.

shortylickens · Feb 10, 2014

Incorruptible said:
Are you serious? It's not up to you how much they get paid, it's up to the company.

Well, unless the liberals get their communist dream and all salaries are assigned by a central power.

compuwiz1 · Feb 10, 2014

Yes...the media and what it wants us to believe. I guess the thread title is now incorrect.

http://money.cnn.com/2014/02/10/news/companies/barra-pay/index.html?hpt=hp_t2

Incorruptible · Feb 10, 2014

shortylickens said:
Well, unless the liberals get their communist dream and all salaries are assigned by a central power.

Except some of them are actually that stupid and want that.

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

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