Fca also released compensation figures for chairman john elkann and chief financial officer. Founded in 1897, the detroitbased automotive company has weathered its fair share of boom and bust economic cycles. Total cash compensation information is comprised of yearly base pay and bonuses. Compensation information for daniel ammann, president of. Mary barra is chairman and chief executive officer of general motors company. Jan 07, 2016 detroit general motors ceo mary barra was handed the full set of the keys to the company this week and named chairman. Barra has been shredded from all sides for the decision, including from president donald trump. General motors company, commonly referred to as general motors gm, is an american multinational corporation headquartered in detroit that designs, manufactures, markets, and distributes vehicles and.
Stock based compensation is a way corporations use stock options to reward employees. General motors cos book value per share for the quarter that ended in dec. She was elected chairman of the gm board of directors on january 4, 2016, and has served as ceo of gm since. General motors is home to buick, cadillac, gmc and chevrolet. He was chairman and ceo of general electric between 1981 and 2001. General motors, american corporation that was the worlds largest motorvehicle manufacturer for much of the 20th and early 21st centuries. Learn about our companys rich history and dedication to. General motors ceo mary barra might be the most unpopular ceo in the united states right now after gm announced it is slashing up to 15,000 jobs and closing up to five plants in north. The fine was the maximum that the regulators could impose for such a situation. Two years into her tenure, with the company barely five. General motors cos days inventory increased from dec.
Bill gates told fortune, my years with general motors is probably the best book to read if you want to read only one book about business. General motors cuts paychecks of salaried workforce. General motors has hosted 5 events in the cspan video library. General motors ceo mary barra paid 80% more than predecessor. General motors co income statements for executive base pay and bonus are filed yearly with the sec in the edgar. Gm salaried workforce must defer pay due to coronavirus impact. General electrics legendary ceo was goodbut he was also lucky. General motors co income statements for executive base pay and bonus are filed yearly with the sec in the edgar filing system. Jun 05, 2014 general motors ceo mary barra said this morning she fired 15 people who either were incompetent or irresponsible in their actions involving fatally flawed ignition switches that are linked to. Total inventories can be measured by days sales of inventory dsi.
This information is according to proxy statements filed for the. Pages in category general motors former executives the following 61 pages are in this category, out of 61 total. Find the latest news about gm automotive innovations, investor relations and more. General motors ceo mary barra will take home onethird less in compensation for at least six months. General motors were also forced to pay compensation for 124 deaths that were directly linked to the faulty ignition switches on their cars.
During the past 12 months, general motors cos average book value per share growth rate was 7. Incoming general motors ceo mary barra will earn more than her male predecessor just depending on how you do the math. After all, the newsletter they have run for over a decade, motley. Dec 07, 2018 general motors ceo mary barra might be the most unpopular ceo in the united states right now after gm announced it is slashing up to 15,000 jobs and closing up to five plants in north america. Bill gates praises my years with general motors as the best book to read on business, and business week named it the number one choice for its bookshelf of indispensable reading. General motors had known for a decade that there was a problem with the switches, yet still did not recall the cars. Of all the key moments in jack welch s storied tenure as general electric co. She has held the ceo position since january 15, 2014, and she is the first female ceo of a major automaker. General motors ceo mary barra took a large pay cut last year, but she still earned more than any auto ceo in the world.
Gms mary barras 2019 compensation revealed autoblog. The compensation committee continues to support the overall design of this. Book charts rise of gm ceo mary barra detroit free press. Jun 12, 2019 general electrics legendary ceo was goodbut he was also lucky. Of all the key moments in jack welchs storied tenure as general electric co. Due to this factor, it affected a pension and benefit crisis at general motors and many other american companies. Facing controversy, gm reveals ceos total pay usa today. During the past 3 years, the average book value per share growth rate was 0. On december 10, 20, gm named her to succeed dan akerson as chief executive officer. General motors ceo mary barras 2019 compensation fell slightly, but she remains the highest paid chief executive among the detroit 3. My years with general motors became an instant bestseller when it was first published in 1963. General motors co said on tuesday chief executive officer dan akerson will step down next month and be replaced by global product development chief mary barra, who will become. Inventory turnover measures how fast the company turns over its inventory within a year. As general motors ceo dan akerson looks for solutions to speed up product development without hopefully cutting any corners, the daily beast has provided a report claiming that gm is looking to.
Apr 08, 2014 january 25, 2010 chairman edward whitacre jr. Although the state of the art in management science has grown greatly in the half century since, my years with general motors is still the definitive historical. It might indicate that general motors cos sales slowed down. During his tenure at ge, the companys value rose 4,000%.
General motors ignition switch compensation program attorney kenneth announced the compensation plan for victims and families of people killed or injured in car accidents january 24, 2017. Management guru peter drucker speaks of it several times throughout his writings. Gms 69,000 other salaried workers will defer 20% of their cash compensation for six. Fearing rebellion of autoworkers against uaw, trump holds white house meeting with general motors ceo by jerry white 6 september 2019 little more than a week before the expiration of. On december 10, 20, gm named her to succeed dan akerson as chief executive officer, and prior to that, barra served as the executive. It has since been used as a manual for managers, offering personal glimpses into the practice of the discipline of management by the man who perfected it. General motors paid compensation for 124 deaths linked to the faulty switches. Under barras leadership, gm envisions a world with zero crashes, to save lives. Barras compensation appears to be among the top 20 of fortune 500 ceos and among the top few women.
As chairman and chief executive officer at general motors co, mary t. Detroit general motors ceo mary barra was handed the full set of the keys to the company this week and named chairman. Blue cross ceos total compensation falls 37 percent in 2019. General motors co stock based compensation calculation. Gm gets first woman ceo, barra to replace akerson firstpost. Fortunes 1989 compensation issue uses a regression model to estimate how compensation varies with factors such as the ceos age and tenure, company size, location, industry, and performance. Mary barra on general motors ignition switch recall c. November 19, 1935 march 1, 2020 was an american business executive, chemical engineer, and writer. Gm to cut executive pay, extends shutdown indefinitely. She was elected chairman of the gm board of directors on january 4, 2016, and has served as ceo of gm since january 15, 2014. General motors will cut salaries and product programs. Whether youre a professional advising on the subject, a manager in the field of human resources, an executive whose compensation is affected by the principles and practices explained in the book, this book is a must.
Thats about twice what his predecessor fritz henderson received. The detroit auto giant on monday outlined in a proxy filing costs related to chief executive mary barras personal travel. Barra, who in 2014 became the first woman to lead a major automaker, earned. Dec 10, 20 general motors promotes mary barra to ceo, replacing dan akerson. Learn about our companys rich history and dedication to community, sustainability and personal mobility efforts. It might indicate that general motors cos sales slowed down total inventories can be measured by days sales of inventory dsi inventory turnover measures how fast the company turns over its inventory within a year. General motors promotes mary barra to ceo, replacing dan akerson. Has gm doomed ceo mary barra by making her chairman. General motors co annual reports of executive compensation and pay are most commonly found in the def 14a documents. General motors plans to release ceo compensation near the end of april and ford in early april. Two years into her tenure, with the company barely five years out of. In an email to gm employees on thursday, ceo mary barra said that all of gms salaried employees, worldwide, with a few exceptions, will have 20% of their compensation deferred, beginning on april 1.
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