Traverse City Record-Eagle

Business

December 11, 2013

5 things to know about GM's new CEO Mary Barra

(Continued)

— DUE FOR A PAY RAISE: As GM's product chief, Barra has made less than comparable executives at other companies, according to the company's compensation committee. That's partly because the government was capping executive salaries while it owned part of GM. On Monday, the government sold the last of its GM shares. Akerson said Tuesday that the company plans to change its salary metrics to focus more on vehicle quality. The value of Barra's compensation totaled $4.85 million last year, according to GM's latest proxy statement. That included a $750,000 base salary plus stock units.

— FAMILY MATTERS: Many GM insiders say Barra admirably balances her work and home lives. Barra is married with two teenage children, one boy and one girl. She has been known to end meetings to go pick up her kids, and when they were young their artwork was proudly displayed in her office. In an interview with Stanford's alumni magazine, she said she drove a Cadillac Escalade because it had enough room for her son's hockey gear.

CAR CRAZY: Barra's first car was a Chevrolet Chevette, which she bought to get her to and from her job at the plant. These days, she tools around in a new Cadillac CTS, one of several cars that have been released during her time as GM's global product chief. But her real love is the sporty Chevrolet Camaro. She and her husband have owned several over the years.

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