In 2023, General Motors (GM) CEO Mary Barra saw a 4% decrease in her total compensation, which amounted to $27.8 million for the year. This decline in compensation comes as a notable development in the realm of executive pay within the automotive industry.
Mary Barra, who has been at the helm of GM since 2014, has been a prominent figure in the company's efforts to navigate through various challenges and transformations in the automotive sector. Her leadership has been instrumental in steering GM through periods of change and innovation.