Mary Barra became CEO of General Motors in January 2014.
From Company Proxy Statement filings with the US Security and Exchange Commission, her Total Compensation with GM in Annual 2014 was $16.163 mil, up 209% from the $5.233 mil she earned in Annual 2013.
Also from Company Proxy Statement filings with the US Security and Exchange Commission, her Total Compensation with GM in Annual 2015 was $28.589 mil, up another 77% from the $16.163 mil she earned in Annual 2014.
Thus for her first two years as GM CEO, her Total Compensation increased by 446% from $5.233 mil in annual 2013 to $28.589 mil in 2015.
So just what kind of annual percentage increases in pay and employee benefits have GM workers received? Clearly miniscule ones and probably declines since the US Auto Company Bailout.
So how have GM's Top-Tier Executives done on the Total Compensation front since the US Auto Bailout? From Company Proxy Statements, Extremely Well!
When your wealth expands so astronomically in just two years of time as Barra's had, you can lose touch with economic reality. GM workers primarily become Costs rather than People.
And you can even take the viciously ruthless step of removing early the health care benefits of striking workers and their families.
So where is the supposedly independent GM Board of Directors on this health care benefits early removal step taken by Mary Barra?
Well, Barra also became Chairwoman of GM's Board of Directors in January 2016 and still holds that position too.
GM's Chair of the Board should not be its CEO. And GM needs a worker representative on its Board of Directors. Then it wouldn't have workers going out on strike.
