The transition to electric motor proved to be particularly cost-effective for the major Detroit manufacturers, with damage amounting to tens of billions of dollars. However, these economic performances do not seem to affect the rewards of top executives.
The General Motors went on to write down $7.9 billion related to the review of its strategy on electric vehicles. Nevertheless, the CEO Mary Barra saw her total earnings shaped at $29.9 million, recording an increase over the previous year. Most of it came from equity incentives, which were significantly strengthened.
Impression causes that Barra was not the most expensive in the company, as the product chief Sterling Anderson received earnings over $40 million, mainly because of recruitment bonuses. At the same time, high fees were recorded for other top executives of the company.
Corresponding image is also recorded in Stellantis, which was borne by $26.2 billion losses due to overinvestments in electric drive. The CEO Antonio Filosa received total $6.37 million, although found in this position only for the second half of the year.
The pattern is clear: despite significant losses and strategic revisions in the EV sector, the administrative pay packages remain particularly high. This highlights the complex relationship between long-wind investment, stock return and remuneration policy in large car companies.
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