Tuesday, Sep 27, 2016
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BUSINESS BRIEF

General Motors CEO to get base salary of $1.6M

DETROIT — General Motors Co. announced new CEO Mary Barra will get a base salary of $1.6 million per year as she takes over the global automaker.

GM said Friday that Ms. Barra will also be eligible for $2.8 million in short-term incentives.

Stock and option awards make up the bulk of CEO pay at GM and many other publicly traded companies.

Dan Akerson, who retired as CEO on Wednesday, had total 2012 pay of more than $11 million. That included a base salary of $1.7 million and $9.3 million in stock awards.

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