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GM’s CEO Barra makes $29 million a year—362 times her company’s median employee salary. In an interview with CNN, Barra explained that 92 percent of her compensation is “performance based,” meaning that much of her pay is determined by the company’s stock value. In “pay package” arrangements, executives are paid in stock, or equity, but are only allowed to cash that stock when its value reaches a certain threshold.
✏️ So the ceo argues that her package is based on stock performance…
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