“The company released the full figures ahead of its proxy filingin April to correct misperceptions created by comparisons that usedonly a portion of Barra’s overall compensation,” GM said in thee-mailed statement.
GM in January said Barra, 52, would earn $1.6 million in salaryand $2.8 million as part of the company’s short-term incentiveplan. While the automaker said at the time that she was likely toreceive additional compensation as part of the new long-termincentive plan, it was criticized as paying her a fraction of whather predecessor received.
Barra, previously the automaker’s top product officer, succeededDan Akerson who stepped down last month to take care of his sickwife. Akerson earned $11.1 million in 2012. He remains at GM as asenior adviser and is eligible to receive a pay package worth asmuch as $4.68 million this year. He’s expected to stay less than ayear, GM has said, and his compensation will be prorated.
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