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Patricia Woertz

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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