[ad_1]
General Motors Chairwoman and Chief Executive Officer Mary Barra speaks during a meeting hosted by U.S. President Joe Biden with private sector CEOs to discuss the Build Back Better agenda at the White House in Washington, U.S., January 26, 2022.
Kevin Lamarque | Reuters
DETROIT – General Motors will begin tying a “significant part” of its long-term executive compensation with the company’s electric vehicle goals, CEO Mary Barra said Tuesday.
Starting this year, Barra said the compensation targets will include volumes of EVs in North America as well as launch timing and quality for such vehicles.
“At GM, our compensation has always been driven by the company’s success. And no one should doubt our commitment to lead in EVs or the passion our team has for that mission,” Barra said during the company’s first-quarter earnings call.
The Detroit automaker has faced increased pressure from Wall Street to transition to electric vehicles in the wake of industry leader Tesla’s rise to become the top-valued automaker at a market cap of more than $900 billion.
Barra said the new compensation benchmarks are meant to underscore the company’s commitment to EVs. Further details about the EV compensation targets are expected in the company’s upcoming proxy filing, which Barra said will be filed Friday.
In 2020, Barra’s compensation package was $23.7 million, including a base salary of about $2 million and stock awards of $13 million.
In 2017, altcoins were seen as experimental side projects to Bitcoin. By 2021, they became…
Shopping centers in Las Vegas have a unique opportunity to stand out by offering not…
Levitra, a widely recognized medication for treating erectile dysfunction (ED), has proven to be a…
Have you ever looked down at your carpet and wondered if there’s a budget-friendly way…
Counter-Strike 2 (CS2) has elevated the thrill of case openings, captivating both seasoned CS:GO veterans…
Trying to sell a car online should be simple, but sometimes buyers lose interest fast.…
