GM CEO Mary Barra total compensation rose to $23.7 million in 2020, double what rival Ford CEO made

General Motors Co. disclosed Friday that the total 2020 compensation for Chief Executive Mary Barra rose slightly from the year before, by enough to be double what rival Ford Motor Co. Chief Executive James Farley made last year. GM said in its 2020 proxy statement that Barra’s total compensation was $23.66 million, up from $21.63 million in 2019. Although Barra’s base salary slipped to $1.995 million from $2.100 million, the value of stock awards increased to $13.09 million from $12.14 million, the value of options awards inched up to $3.75 million from $3.53 million and nonequity incentive plan compensation rose to $3.78 million from $2.73 million. Meanwhile, Ford disclosed earlier April that CEO Farley’s total 2020 compensation increased 41.1% to $11.80 million. GM’s stock rose 13.8% in 2020, while Ford shares fell 5.5% and the S&P 500 climbed 16.3%. So far in 2021, shares of GM have rallied 36.7%, Ford’s stock has advanced 30.7% and the S&P 500 has tacked on 11.5%.

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