Barra was paid less by Ford and FCA bosses than Barra.
General Motors CEO Mary Barra earned $23.7 million in 2020, which was the highest executive compensation among the Big Three. According to Automotive News, she has a base salary at $2 million and short-term incentives of $3.8 millions and $13.1 million stock.
Mike Manley, who made $14.2 million, was the CEO at Fiat Chrysler Automobiles in 2020. He had been there before it merged with PSA. Ford changed CEOs in October 2020. Jim Hackett was the former boss and received $16.7 million while Jim Farley, the new CEO, received $11.8 million.
Tesla also revealed its executive compensation. Elon Musk did not receive a salary in 2020. He has achieved six milestones as part of his contract. He can now purchase 50.6 million shares from the automaker at $70.01 per share. According to , the company’s share price is just below $700 per share. This means that Musk could make around $32 Billion by selling the stock. However, the agreement stipulates that Musk must retain the shares for five year before he can sell them.
Compare this to other CEOs of automakers. Ferrari boss Louis Camilleri was with the automaker until when he abruptly stepped down. still made EUR375 846 ($453,365 at current exchange rate) for the year. He earned EUR363,960 in salary and EUR118,86 in fringe benefits. This included access to a Ferrari company vehicle.
Daimler CEO Olakallenius earned EUR1.34 million ($1.6million) as a salary and EUR3.5 million ($4.2million) in incentives in 2019. As part of the automaker’s response to COVID-19, Kallenius took a 20% pay cut in 2020. Automotive News Europe reported.
It is harder to find information about CEO salaries at Japanese automakers. In 2018, AkioToyoda earned Y=379,000,000 (or $33.5 million at current exchange rates).