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 The package for Barra, who assumed her new role on Wednesday, does
not include what she and other executives will receive under the
long-term compensation plan, which is subject to shareholder
approval in June. GM will disclose those details in April.
The No. 1 U.S. automaker revealed in documents filed with the U.S.
Securities and Exchange Commission that Barra, 52, will receive an
annual cash base salary of $1.6 million. She also will be eligible
for $2.8 million under the company's short-term incentive plan.
GM has not yet disclosed what former CEO Dan Akerson was paid in
2013, but the previous year he was paid $11.1 million, including
$1.7 million in cash and $7.3 million in stock and other incentives.
The 2012 figure also reflected $2 million in restricted stock units
that he received in 2011.
GM also said on Friday that new President Dan Ammann, the former
chief financial officer, will be paid just over $2 million. The cash
base salary is $900,000 and he is eligible for $1.125 million under
the short-term plan, according to the SEC documents.
Ammann's successor as CFO, Chuck Stevens, will receive an annual
cash base salary of $700,000 and will be eligible for $875,000 under
the short-term plan, according to the SEC documents.
All three executives also will participate in the benefits plan
currently available to company executives.
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GM also disclosed that Akerson and former Vice Chairman Steve Girsky
will remain as senior advisers to the company on an interim basis.
Girsky remains on GM's board.
Akerson will receive an annual cash base salary of $1.7 million and
be eligible to receive $2.975 million under the short-term plan,
while Girsky will be paid a base salary of $600,000 and be eligible
to receive $750,000 under the short-term plan, according to the SEC
documents.
GM expects both men will be employed less than a year and their
salary will be paid on a prorated basis as will any payment to
Akerson under the short-term plan, according to the SEC documents.
(Editing by Matthew Lewis)
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