Not This Crap Again: GM’s New Female CEO Will Only Make Half Of What Her Male Predecessor Made
Mary Barra, GM’s first female CEO, is set to be paid half of what Dan Akerson, her male predecessor, made. Yes, half.
Barra will earn $4.4 million as opposed to Akerson’s 2012 earnings of $9.1 million (which comprised $1.7 million in salary and $7.3 million in stock awards). As a senior advisor, Akerson is now entitled to $4.68 million, which is still more than Barra is earning as CEO. With numbers this big being thrown around, the glaring question is whether anyone needs to be making millions of dollars each year. Of course not. I don’t think CEOs ever need to be making seven figures, but when the only reason one millionaire is making less than another millionaire is their gender, we have a different issue on our hands than the rich getting richer. [Jezebel, The Atlantic] [Image of money in wallet via Shutterstock]