At this year's conference, Prof. Adam Grant hosted the keynote discussion with Mary Barra, CEO of General Motors, about people management. But the addition of incentive-based company bonuses, stock awards, paid travel, and security costs combine to give her compensation package a considerable boost. [26][27][28] She is a member of the Stanford University Board of Trustees, the Stanford Graduate School of Business Advisory Council, and the Duke University Board of Trustees. Chief Executive Officer. Mary Teresa Barra (ne Makela; born December 24, 1961) is an American businesswoman who has been the chair[1] and chief executive officer (CEO) of General Motors since January 15, 2014. Jan 2014 - Jan 20162 years 1 month. 1:33 PM EST, Thu December 8, 2022, Testifying before a US congressional subcommittee. [20], As CEO, Barra made GM move into driverless and electric-powered cars through acquisitions including Strobe, a startup in driverless technology. Inside the Capitalism Incubator, our students find the best business ideas, the coaching, and the contacts they need to fund, launch, and scale a 7-figure business they can turn around and sell someday for even more. For this story, Crowdpac analyzed donations from CEOs of the 100 largest public U.S. companies, and Yahoo Finance considered only those CEOs who gave to two or more different causes or candidates during the last 15 years, to eliminate those who might have had a passing interest in a single issue. Barra's base salary is $2.1 million. General Motors head Mary Barra talks leadership and tips for women. [24] Her decision was criticized by President Donald Trump, who threatened to remove the company's government subsidies in response. Whatever else people remember about Bill Fords stewardship of his great-grandfathers company, theyll say he was on the right side of history in this case. "We gathered a team of people, and we were guided by three principles," Barra said. Reuters The referendum has revealed all kinds of rifts -- within political parties. Growing up in a GM family and with a passion for cars and engineering, Mary felt at home in the automotive industry. [3][4][5] In December 2013, GM named her to succeed Daniel Akerson as CEO. She is the first female CEO of a major automaker company and holds this position since 15th January 2014. P. GENERAL MOTORS COMPANY POLITICAL ACTION COMMITTEE (GM PAC) BARRA, MARY T. NORTHVILLE, MI. GM has consistently scored highly in gender equity reports; in 2018, it was one of only two global businesses that have no gender pay gap. We will listen and engage in conversations that elevate our collective understanding and inform our actions to address inequality. In 2019, Ford's CEO Jim Hackett earned a total compensation of nearly $17.4 million. Getty Images. Barra was the highest-paid Detroit Three executive in 2017, earning a total of $21.96 million. This is not Rick Wagoners GM of 2008, clinging to its status as the worlds largest automaker and unable to make the kind of bold moves that saved Ford from bankruptcy. [9] Barra was inducted into the engineering honor society Tau Beta Pi[10] (MI Zeta class of 1985) and the honor society IEEE-Eta Kappa Nu (Theta Epsilon chapter 1983) while at Kettering University. Last week's plant closing announcementalso sets up the company's position forUAW talks, which might prove to be a bare-knuckled battle next summer as the Detroit 3 try to pare costs. Bachelor of Arts/Science, Kettering University; Master of Business Administration, Stanford Graduate School of Business. [18] Barra and General Motors also came under suspicion of paying for awards to burnish the CEO and corporation's image during that time. elects Barra as the chair, the first woman to serve in this role. Watson also donates occasionally to Democrats, including $2,600 he gave in 2014 to Sen. Mary Landrieu of Louisiana, an important energy-industry ally who ended up losing her reelection bid. Zero congestion.". She then received a GM fellowship to attend Stanford Graduate School of Business, where she earned her masters degree in business administration in 1990. Taxpayers wonder where $11 billion went after GM was bailed out a decade ago. It's no wonder she serves as a source of inspiration to women (and men) across the globe. Mary Barra Age. Mary Barra in 83 seconds 01:26 - Source: CNN CNN Here's a look at the life of Mary Barra, CEO of General Motors. 2003 - Plant manager, Detroit Hamtramck Assembly Plant. Mary Barra, in contrast, could have trouble escaping the stench of Trumps White House. If Mary can do it, nothing's stopping you from doing it, too. And if she's able to guide her company onto a plausible trajectory toward the . GM CEO Mary Barra still goes grocery shopping Greg Gardner Detroit Free Press View Comments 0:00 0:56 Mary Barra said she still has moments of anonymity after her first year as General Motors. What will it take to change the perceptions of consumers and Wall Street? It is her vision, however, that is setting the stage for change. Lloyd Blankfein, Goldman Sachs (GS). The economy is a bit wobbly, but General Motors CEO Mary Barra isn't backing off of an audacious prediction: By the middle of this decade . $200. [3] [4] [5] In December 2013, GM named her to succeed Daniel Akerson as CEO. Apple CEO Tim Cook, for instance, is a vocal supporter of gay rights, which suggests hes probably a political liberal. The economy is a bit wobbly, but General Motors CEO Mary Barra isn . Crowdpac is able to rank donors in a similar way, based on the scores of candidates and groups they donate to. But many CEOs defy this conservative stereotype, giving to liberal candidates and causes or donating across the political spectrum for pragmatic business reasons rather than personal ideological ones. That's slightly lower from his $17.8 million compensation in 2018, and more than 2020 when he made $16.7 million. mary barra political party. Website: Biographyscoop.com But hes donated to only one candidate, according to public records: Barack Obama, whose 2008 presidential campaign got $2,300 from Cook. As a result of the recalls, new procedures were created urging employees to report any concerns they observe in an attempt to transform the business culture. With eight female CEOs among the ranks of the 2021 Just 100, America's best corporate citizens have a greater proportion of female CEOs than the S&P 500 does. highest-paid CEO in both in America and worldwide, Jon Gruden's Net Worth: How this Coach and Broadcaster Make His Money, Jen Psaki's Net Worth: Houses, Husband, and Salary as White House Press Secretary, Ashley Judds Net Worth: Plus, Her Acting Career, Activism, and Brands, Vanna White's Net Worth: Plus Age, Salary, House, and More, Jimmy Darts: Undercover Kindness Turned This Social Media Influencer into One of the Wealthiest TikTok Stars. John Watson, Chevron (CVX): 6.7C. 0:00 4:48 President Donald Trump is angry at General Motors and CEO Mary Barra. For decades, the automotive titan General Motors (GM) has been stifled by archaic corporate governance. So what it represents for General Motors is tremendous growth potential, not only in electric vehicles, also in autonomous vehicles and . [49], She has named the Chevrolet Camaro and the Pontiac Firebird as her favorite cars. Mary is a two-times-over proud Duke parent and a member of the Duke Board of Trustees. The company doesnt care what Trump, the UAW and others say because it cant care too much if its going to survive. It can be a catalyst for going out there and creating the life you want. [50], "Ford and GM replace 'chairman' title with gender-neutral 'chair', "Exclusive: Inside New CEO Mary Barra's Urgent Mission To Fix GM", "G.M. By . Blankfeins biggest check, $28,500, went to the Democratic Senatorial Campaign Committee in 2007a pre-crisis year that may have represented peak bonhomie between Democrats and Wall Street. The electric pickup will be offered in work and consumer versions with range availability over 400 miles. [2] She is the first female CEO of a 'Big Three' automaker. Mary charged her company, stating, "Let's stop asking 'why' and start asking 'what' we can do--individually and collectively--to drive meaningful, deliberate change.". That's why we're here - to help you build a successful business that creates freedom and great wealth for you and your family. Barra was born in Royal Oak, Michigan to parents of Finnish descent. [48], Barra is married to consultant Tony Barra, whom she met while studying at Kettering University, and has two children and two dogs. She was promoted to vice president of global human resources in July 2009, a post she maintained until February 2011, when she was promoted to executive vice president of Global Product Development. Dnitra Landon, a GM Detroit-Hamtramck Assembly worker, talks before the start of her shift about her feeling on the closing of this plant. [36] In 2018, she received an honorary doctorate from Duke University and in 2022 she delivered as the school's commencement address. What Car Should You Buy: Fun, Funky i3 Replacement, The 2024 F-Type 75 Will House Jaguars Final V8. Here's the top 10 list of the highest-paid CEOs worldwide: Barra is one of the 20 highest-paid CEOs in America. Hard work and dedication are the reasons behind her wealthy stand. She also serves on the boards of the Detroit Economic Club and Detroit Country Day School, as well as the Board of Trustees for both Stanford University and Duke University. Combining this with blindsiding factory workers, GM risks hurtingitself in the eyes of the tech-savvy, mostly younger workers it's trying torecruit. Approximately her net worth is estimated to be around $25 million. Share Background Report Overview of Mary Teresa Barra Lives in: Northville, Michigan Phone: View phone number Gender: Female Mary Barra's Voter Registration Forbes ranked her the 35th Most Powerful Woman in the World in 2013. Barra will serve a two-year term beginning in January 2022. Rob Portman, Sen. Richard Shelby, former House Majority Leader Eric Cantor) and Democrats (Sen. Gary Peters, Rep. Greg Meeks). But she doesn't yet make the list for the top CEO income earners in the world. July 18, 2022, 22:54 IST. The CEO of this Dallas pipeline company is a huge supporter of Republican Texas Gov. Posted on February 18, 2021 by 0 Comments February 18, 2021 by 0 Comments Based upon research, Mary Barra has an estimated net worth in the vicinity of $200 million. Mary and Tony have two children and two dogs and live in Northville, Detroit. Her leadership style is an inspiration for industry leaders in every sector. In spring 2020, she shifted GM's production lines to help Ventec Life Systems make critically-needed ventilators. 2. Eddie Lampert, Sears (SHLD). Did you encounter any technical issues? She is the first female CEO of one of the Big Three automobile manufacturers. Mary Barra Inclusive Leadership Style Analysis The inclusive leadership style , also called the participative leadership style , is a leadership style where leaders intentionally seek and consider inputs from different groups or races of people, without biases, to make better decisions while still putting their own perspectives into consideration. She went on to work in a number of engineering and administrative jobs, including overseeing the assembly facility in Detroit/Hamtramck. Barra wasnt the only person in the world of transportation on that list. After graduating from Waterford Mott High School, Mary began working as a college co-op student for the Pontiac Motors Division in 1980. 2016 - Is ranked #1 on Fortunes Most Powerful Women list. Mandi is an experienced writer on various topics with a passion for telling stories with words. . Good Thing, Bad Thing: Lessons from a Crazy Month in Women's Leadership. In 2019, Barra took home more than $20 million in total compensation. It was the third consecutive year she topped that figure. Since 2008, Blankfein has donated to both Republicans (Sen. One of the most noteworthy leadership lessons from Mary Barra to learn is the skill of lifelong learning and exploring. Indra Nooyi, PepsiCo (PEP): 5.5L. GM is a global institution. The publication says the people on their list are "female leaders who use their political and economic power to transform industries and . So was Anthony Foxx, the current U.S. Secretary of Transportation. In her 38 years at GM, Barra has been an executive assistant, plant manager, product developer, and HR leader, among other roles before she became CEO. Robert Iger, Walt Disney (DIS): 6.2L. Roger Ferguson, TIAA-CREF: 8.9L. Itstrong-armed the South Korean government into a restructuring announcing while the country was hosting the Olympic Games last winter that it would close a factory there if it couldnt cut costs. Discovery Company. [45], In Institutional Investor's yearly survey of top executives, the 2019 All-America Executive Team, Barra achieved the first place in the autos and auto parts sector. Mary Teresa Barra (born 1961) is listed at 18938 Bella Vista Ct Northville, Mi 48168 and has no known political party affiliation. Since 2010, Watson has given $120,000 to the National Republican Senatorial Committee, hitting the the annual maximum donation for that type of committee each year. Leadership Journeys - Mary Barra. To fulfil that pledge in as little as 2 1/2 years, she faces some long odds against immense economic forces that are working against auto sales. 2011-2013 - Senior vice president of Global Product Development. While Barras mantra of zero crashes, zero emissions and zero congestion creates an admirable vision and mission, callous management dulls the shine. 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