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Since the 1990s, CEO compensation in the U.S. has outpaced corporate profits, economic growth and the average compensation of all workers. Between 1980 and 2004, Mutual Fund founder John Bogle estimates total CEO compensation grew 8.5 per cent/year compared to corporate profit growth of 2.9 per cent/year and per capita income growth of 3.1 per cent.
Amid the United Auto Workers strike in the fall of 2023, for example, NPR reported that General Motors CEO Mary Barra's 2022 salary was 362 times that of the median GM employee.
In a government filing, GM released the total compensation that its top executives received in 2023 and makes changes to how it awards future pay. GM CEO Barra's compensation for 2023 dropped 4% ...
In 2009, GM had renamed itself as General Motors Company, creating its former appellation: General Motors Corporation. On May 30, 2009, it was announced that a deal had been reached to transfer GM's Opel assets to a separate company, majority-owned by a consortium led by Sberbank of Russia (35%), Magna International (20%), and Opel employees (10%).
Roger Bonham Smith (July 12, 1925 – November 29, 2007) was the chairman and CEO of General Motors Corporation from 1981 to 1990, and is widely known as the main subject of Michael Moore's 1989 documentary film Roger & Me. Smith seemed to be the last of the old-line GM chairmen, a conservative anonymous bureaucrat, resisting change.
In 2016, which was Schiller's last full year as president and CEO, he earned a base salary of $910,000, a $568,750 bonus, $1.5 million in nonequity incentive plan compensation, $1.2 million in ...
During the early 1980s he was dubbed "Neutron Jack" (in reference to the neutron bomb) for eliminating employees while leaving buildings intact. [19] In Jack: Straight from the Gut, Welch stated GE had 411,000 employees at the end of 1980, and 299,000 at the end of 1985. Of the 112,000 who left the payroll, 37,000 were in businesses which GE ...
GM CEO Dan Akerson received $11.1 million in 2012, barely over half of Mulally's pay. In fact, if you combine the three top salaries at GM -- $11.1 million, $6.6 million, $5.4 million -- you still ...