GM Chair and CEO Mary Barra’s compensation grew by 34 percent between 2019 and 2022, to $29 million last year.
Ford CEO Jim Farley’s pay grew by 21 percent over that period, to $21 million last year.
Stellantis, headquartered in the Netherlands and formed through a 2021 merger of Fiat Chrysler and France’s Peugeot SA, didn’t exist when the contract began. Stellantis CEO Carlos Tavares earned about $25 million last year, including long-term incentives.
According to the UAW estimates, the Big Three made a combined total of $21 billion in profit in the first half of 2023, and a combined $250 billion in American profits over the last 10 years. Fain said those profits have not led to sufficient pay or benefits for auto workers in the way they have for executives.
“A 14.5% increase over four years is deeply inadequate, it doesn’t make up for inflation, it doesn’t make up for decades of falling wages, and it doesn’t reflect the massive profits we’ve generated for this company,” Fain said.
