How CEO pay stacks up for Detroit's Big 3 automakers
DETROIT -- Even though the auto business has become far more complicated and intertwined, Detroit's Big 3 automakers still are a critical force when it comes to American manufacturing.
So how much do its leaders make?
Most U.S. corporations are disclosing more about how and how much they compensate top executives, but the formulas remain complicated subject to many interpretations.
Just as star athletes have incentives and deferred pay in their contracts, so do CEOs, CFOs and COOs. What's reported is not what's necessarily in their paychecks. But it is real compensation.
The totals are far above the pay of most working people. But the responsibilities are great and the consequences of successful and failed leadership are sweeping.
Here's a breakdown of compensation for each of the Detroit 3's CEOs:
General Motors CEO Mary Barra
Salary: $1.75 million
Bonus: $0
Stock awards: $12 million
Option awards: $11.2 million
Non-equity incentives plan: $3.1 million
Change in pension value: $12,012
All other compensation: $597,118
Total: $28.6 million
Ford Motor CEO Mark Fields
Salary: $1.75 million
Bonus: $0
Stock awards: $12.1 million
Option awards: $0
Non-equity incentive plan: $3.5 million
Change in pension value: $858,157
All other compensation: $370,451
Total: $18.6 million
Fiat Chrysler CEO Sergio Marchionne
Salary: $4 million
Bonus: $6.85 million
Stock awards: $62.7 million
Total: $73.6 million
It's important to note that executives can't immediately convert stock awards or options to money today. Most are structured in a way that ties their quantity and value to a company's future profits and stock price. They are based on the company's fair value estimate of their value at the time they are granted. That value will fluctuate over time.
