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GM’s Akerson Takes Home $11.1 Mil, up 44%.

CEO adds millions in stock to base pay.

by on Apr.25, 2013

GM CEO Dan Akerson with the Chevrolet Volt.

General Motors Chairman and CEO Dan Akerson got a 44% increase in total compensation last year, taking home a total of $11.1 million in total compensation.

That news, detailed in a federal filing, comes after GM tried to downplay earlier reports that the executive was looking for a big pay hike despite the limits imposed by the terms of the maker’s 2009 federal bailout.

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Akerson continued to receive a base salary of “just” $1.7 million last year, the same as in 2011. The big jump came in stock awards that rose by 57%, year-over-year, to $9.3 million.  That includes $2 million in restricted stock options he won’t be able to cash out on until at least 2014.  The executive also received $70,149 in miscellaneous compensation, up from $55,514 in 2012.


Ford CEO Mulally Pay Dips to Just $21 Mil

Exec credited with saving Ford drew $30 mil year before.

by on Mar.15, 2013

Ford CEO Alan Mulally.

Compared to his counterpart at General Motors, Alan Mulally was a well-paid man last year, taking home $21 million as part of a package including salary, bonuses and stock options. But the Ford Motor Co. CEO nonetheless saw his compensation dip from the $29.5 million he made in 2011.

Given much of the credit for helping save the second-largest of the domestic makers – and helping it steer through the Great Recession without the federal bailouts taken by cross-town rivals GM and Chrysler, Mulally has still been rewarded handsomely since leaving Boeing in 2006, Ford financial statements pegging his total earnings at $169.3 million.

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Mulally’s 2012 earnings were disclosed in Ford’s latest proxy statement. It shows he got the same $2 million salary as the year before, but stock options fell from $21.4 million to $14.3 million, while the exec’s bonuses tumbled from $5.5 million to $3.95 million.


Daimler’s Zetsche Gets New Contract – And Pay Cut

Daimler’s Zetsche Gets New Contract – And Pay Cut

by on Feb.27, 2013

Daimler CEO Dieter Zetsche gets a pay haircut. Photo by Len Katz.

The good news for Daimler AG Chairman Dieter Zetsche is that he’s got another three-year contract. But he’ll have to balance it against the nearly 6% pay cut he’s been ordered to take by the automaker’s supervisory board after the company missed its profit targets and palace intrigue at Daimler’s Stuttgart headquarters begins to intensify.

If misery loves company, Zetsche isn’t alone. As reported earlier this week, Volkswagen AG CEO Martin Winterkorn took a nearly $4 million haircut, though his pay still came to nearly $20 million.

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And then there’s General Motors Chairman and CEO Dan Akerson. Early reports indicated he was gunning for a 20% pay hike, which would bring his all-in compensation to $11 million. But with Washington bureaucrats criticizing recent increases in pay for executives at companies that survived the recession through federal bailouts, Akerson apparently decided he’s be comfy with the $9 million he got last year.


Carlos Ghosn Becomes Japan’s Top-Paid Gaijin

Nissan chief handily out-earns Toyota, Honda chief execs – but lags well behind Ford’s Mulally.

by on Jun.30, 2011

Ghosn collects $12 million at Nissan and another $1.7 million for his duties at Renault.

It’s expensive in Tokyo.  But Nissan Chief Executive Carlos Ghosn shouldn’t have to worry much about the price of sashimi – the Brazilian-born executive drawing a paycheck of nearly $12 million last year.

That figure, which includes pay, stock options and bonuses, doesn’t include the $1.7 million Ghosn also collected from Nissan’s French alliance partner Renault, where he also serves as CEO.

Ghosn’s 2010 compensation made him the highest-paid “gaijin,” or foreign, executive in Japan, readily out-earning Sony’s CEO Howard Stringer, who made $10.66 million for 2010, as well as the managers at Nissan’s primary automotive rivals.  By comparison, Akio Toyoda, the founding family heir and chief executive at Toyota, made $1.8 million, while Honda’s Takanobu Ito had to get by on a mere $1.6 million.

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But while lavish by Japanese standards, Ghosn’s remuneration was modest in comparison to the paycheck taken home by Ford Motor Co.’s top two bosses.  Chief Executive Officer Alan Mulally’s total package nudged up towards the nine-figure mark, including the $56 million in stock he was awarded, while Ford Chairman Bill Ford Jr. claimed $42 million in stock on top of his pay and bonuses.