Normal Motors CEO Mary Barra had the best government pay among the many Large Three in 2020 by incomes $23.7 million. She has a base wage of $2 million but in addition will get short-term incentives of $3.8 million and $13.1 million in inventory, in accordance with Automotive Information.
In 2020, Mike Manley was the CEO of Fiat Chrysler Cars earlier than its merger with PSA to change into Stellantis, and he made $14.2 million. Ford switched CEOs in October 2020. Jim Hackett, the earlier boss, obtained $16.7 million, and the incoming Jim Farley acquired $11.8 million final yr.
Ford CEO Jim Farley
Tesla additionally introduced its government pay. Elon Musk acquired no wage in 2020. Nonetheless, he has reached six of the predetermined milestones in his contract. This offers him the flexibility to buy 50.6 million shares of the automaker for $70.01 per share. As of this writing, the corporate is buying and selling at slightly below $700 a share, which signifies that Musk might web round $32 billion by promoting the inventory, in accordance with Enterprise Insider. Though, his deal stipulates that he should hold the shares for 5 years earlier than with the ability to promote.
To check to the CEOs of different automakers, Ferrari boss Louis Camilleri served the automaker till he instantly stepped down December 10, 2020, however nonetheless made €375,846 ($453,365 at present trade charges) for the yr. Of that €363,960 was his wage and €11,886 in fringe advantages, which included entry to a Ferrari firm automotive.
Daimler CEO Ola Kallenius made €1.34 million ($1.6 million) as a wage in 2019 and €3.5 million ($4.2 million) in incentives. In 2020, he took a 20 % pay lower as a part of the automaker’s response to the COVID-19 outbreak, Automotive Information Europe reported.
Details about the CEO salaries of Japanese automakers is tougher to search out. In 2018, Akio Toyoda made ¥379 million ($3.5 million on the present trade fee).
