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General Motors Company Message Board

  • shantanu.thakur shantanu.thakur Jun 23, 2013 7:12 PM Flag

    Executive Salaries

    How do the salaries and bonus of the top executives compare to their colleagues at Ford and Chrysler, as well as their overseas rivals?

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    • The similarity ends there. Johnson, 54, got a compensation package worth 1,795 times the average wage and benefits of a U.S. department store worker when he was hired in November 2011, according to data compiled by Bloomberg. Gonzales’s hourly wage was $8.30 that year.

      Across the Standard & Poor’s 500 Index of companies, the average multiple of CEO compensation to that of rank-and-file workers is 204, up 20 percent since 2009, the data show. The numbers are based on industry-specific estimates for worker compensation.

      • 1 Reply to jeyebolt2003
      • "Johnson, 54, got a compensation package worth 1,795 times the average wage and benefits "

        Hmmm, I don't remember a CEO of GM named Johnson. He wasn't asking about a look across American industry Jeye, he asked how does GM compare to Ford and Chrysler.

        The GM CEO's compensation was limited by the bail out agreement and he made significantly less than the Ford CEO Alan Mullaly.

        Ford's Mullaly made a total of $29.5 million in salary, bonus, stock options, and other compensation. The Ford Chairman, WIlliam Ford made $14.5 million.

        GM's CEO Dan Akerson made $9 million. Sergio Marchionne, who heads Chrysler, Fiat and Fiat Industrial, received a combined $22.2 million (he declined payment from Chrysler).

 
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