When Mary Barra was tapped as the first female chief executive officer of General Motors (GM), the appointment was hailed as an achievement for women’s equality in the executive suite.
But executive equality apparently only goes so far.
Barra will be paid less than half what her predecessor Dan Akerson earned. Even more startling is the fact that Akerson will earn more in his new advisory role with GM than Barra will reap as the company’s top executive.
General Motors will pay Barra $4.4 million in salary and other compensation, according to a regulatory filing. Akerson earned $9.1 million in 2012, which included $1.7 million in salary and stock awards of $7.3 million.
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