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Wheels Fly Off GM's CEO Pay Story

Has General Motors' (NYSE:GM) new narrative on chief executive Mary Barra's compensation hit the wall faster than a crash-test dummy?FOX Business has reported as it stands now, Barra will get $4.4 million in compensation, including $2.8 million in short-term awards and a base salary of $1.6 million in 2014. GM said long-term pay is forthcoming. GM's outgoing CEO and chairman Dan Akerson and U.S. President Barack Obama have applauded Barra for her solid work as head of global product development and for her 33-year career at the company. The president has used GM as an example of successful federal bailout policies started under President George W. Bush that went full throttle under the current administration. At the same time, President Obama decried in his State of the Union address studies that show women make 77% of what men make.Setting aside the political atmospherics, as GM makes Barra and other executives wait for their long-term pay component, that $4.4 million is less than wha...

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  1. Sempra Mexico Raises $521 Million Via Share Offering -Source

    The Mexican unit of Sempra Energy (SRE) raised $521 million via an initial public offering on the Mexican Stock Exchange Thursday, a source with direct knowledge of ...

  2. Sempra Energy Posts Higher 4th-Quarter Profit, Plans Gas-Export Plant

    Sempra Energy (SRE) reported a slightly higher fourth-quarter profit Tuesday and said its proposed Louisiana gas-export terminal would boost future growth and profit...

  3. Sempra CEO Expects Federal Approval of Gas-Export Facility by Year's End

    Sempra Energy (SRE) expects to get federal permission to build facilities to export natural gas in Louisiana, and the company will be ready to start construction in ...

  4. Sempra Energy 4th-Quarter Net Up 2.4% on Payment from Kinder Morgan

    Sempra Energy's (SRE) third-quarter profit rose 2.4% as the company booked a cash payment from Kinder Morgan Energy Partners L.P. (KMP) related to the Rockies Expres...

  5. Sempra Energy's Mexico Unit to Sell Shares in Mexican IPO

    Sempra Energy (SRE) said Monday that its Mexican unit plans to sell shares privately and in an initial public offering in Mexico by April.Sempra, of San Diego, owns ...

  6. Sempra Energy's Mexico Unit to Register IPO, Unveils Offering of 15%-20% of Shares

    Sempra Energy's (SRE) Mexico unit unveiled an offering of between 15% to 20% of its shares and will also offer shares in an initial public offering to be registered ...

  7. Japan's Tepco Turns to U.S.'s Cameron for LNG

    Tokyo Electric Power Co. (9501.TO) is nearing completion of a deal to import 800,000 tons of liquefied natural gas a year from the U.S. starting in 2017, a new sign ...

  8. Sempra Energy to Sell About Half of Arizona Power Plant for $371 Million

    Sempra Energy (SRE) agreed to sell about half of the capacity of an Arizona natural gas-fired power plant to the Salt River Project Agricultural Improvement and Powe...

  9. Insight: Wall Street, facing fiercer watchdog, flees U.S. power markets

    When federal regulators proposed a six-month penalty on JPMorgan Chase & Co's electricity trading arm last month, they took aim at what is now a rare sight on Wall S...

  10. DOE-Commissioned Study Shows LNG Exports Generally Good for U.S.

    A study commissioned by the U.S. Energy Department says that natural gas exports would benefit the U.S. economy, leading to net economic gains that would outweigh th...

  11. Sempra Energy Chief Executive Reed Named New Chairman

    Sempra Energy (SRE) said its board elected Chief Executive Debra L. Reed as its new chairman, succeeding former company CEO Donald E. Felsinger, who is retiring.Ms. ...

  12. Sempra Energy 3rd-Quarter Net Drops 6.9% on Pipeline Write-Down

    Sempra Energy's (SRE) third-quarter profit slipped 6.9% as the company booked a write-down on a pipeline and revenue sank.The power and energy company owns electric ...

  1. Utility Stocks Rally After Dec. Job Gains Miss Views

    All 31 utilities stocks in the S&P 500 are rallied Friday as falling Treasury yields fueled by a very disappointing December jobs report boost the allure of dividend...

  2. Analysis: Mexican pension funds, reforms fuel record stock listings

    After years in Brazil's shadow, Mexico's stock market is enjoying a listings boom, fueled by hopes of economic reforms and strong demand from pension funds breathing...

  3. Exxon CEO: U.S. Losing Ground in Natural Gas Exports

    ExxonMobil (NYSE:XOM) Chief Executive Rex Tillerson criticized delays in approving more natural gas export projects, saying U.S. companies are losing millions of dol...

  4. Sempra Energy Offers Weak Outlook for 2014, Lowers Top End of 2013 View

    Sempra Energy (SRE) lowered the top end of its earnings view for the year and also gave a view for 2014 below Street views.Sempra owns electric and natural-gas utili...

  5. Sempra , Consolidated Edison Partner in Two Solar Power Plants

    Consolidated Edison Inc. (ED) formed a partnership with Sempra Energy (SRE) that gives the utility company a 50% interest in two Sempra U.S. Gas & Power solar facili...

  6. Southern Co., Turner Enterprises Buy California Solar Farm

    Units of Southern Co. (SO) and Turner Enterprises Inc. have bought a 139-megawatt solar farm in the California desert from First Solar Inc. (FSLR), the companies sai...

  7. Macquarie expands in UK power sector

    Macquarie Bank is expanding its power trading business in the UK, hiring traders from rival banks and sourcing electricity from newly acquired power plants in hopes ...

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