The General Motors Company is one of the largest car manufacturers in the world, with its international headquarters located in Detroit, Michigan. This company filed for bankruptcy in 2009 and has since been restructured and now sells Cadillac, Buick, GMC and Chevrolet brand vehicles in the North American market. The salary of a General Motors executive varies and may include bonuses, stock options and other perks.
On September 1, 2010, Dan Akerson assumed the top position with General Motors and reportedly received $2.53 million in compensation in 2010. According to MLive.com, Akerson received a base salary of $566,667, $194,088 for serving on the company's board of directors and $1.8 million in stock rewards. The "Wall Street Journal" pegged Akerson's compensation package at approximately $9 million per year. Akerson has been credited with helping GM make money and for taking the company public shortly after he assumed his present position as CEO.
Vice Chairman Pay
Assisting Mr. Akerson is Stephen Girsky who was appointed to his current position as Vice Chairman, Corporate Strategy and Business Development, on March 1, 2010. According to Reuters, Girsky is paid approximately $5 million annually, mainly in stocks. As of publication, Girsky still serves on GM's board.
Chief Technology Officer
Thomas G. Stephens is also a Vice Chairman and is the General Motors Company's Global Chief Technology Officer. According to "Forbes," Stephens received a base salary of $1,087,500 in 2009 with restricted stock awards valued at $945,833. Other compensation totaling $78,785 was awarded, putting Stephens' total compensation at $2,112,118. Stephens assumed his position on February 1, 2011.
Chief Accounting Officer
Nicholas S. Cyprus is Vice President and Chief Accounting Officer and Controller for GM as of 2011. Cyprus assumed his position in August 2009 and was previously associated with the company before its bankruptcy and restructuring. "Forbes" reports that Cyprus received $234,505 in total compensation in 2009 with $213,662 paid in option awards.
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