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General Motors gross profit for the twelve months ending June 30, 2023 was $22.344 Billion, a 32.21% increase year-over-year.
General Motors annual gross profit for 2022 was $20.981B, a 17.36% increase from 2021.
GM's annual gross profit for 2021 was $17.878B, a 30.76% increase from 2020.
In Addition
GM CEO Mary Barra's 2022 compensation: $28,979,570
General Motors Chair and CEO Mary Barra took home slightly less money last year than she did in 2021,
largely because her bonus shrank.
But she still remains the highest paid CEO of the Detroit Three automakers.
GM's CFO Paul Jacobson and President Mark Reuss both saw a hike in total compensation, due in part to receiving more stock options.
But other top brass came in either flat against or slightly below their 2021 total compensation.
All the executives earned smaller bonus payments due to increased aggressive financial targets set by the board of directors at the end of 2021. GM spokeswoman Colleen Oberc said the executives hit their targets, but because the targets were so much higher, the percentage difference between the yearly results shrank, so the bonus payouts were smaller.
In its annual executive compensation report that GM filed to the U.S. Securities and Exchange Commission on Friday,
GM reported that Barra made a total of $28,979,570 in 2022 compared with $29,136,780 million in 2021 for running the company and chairing the board of directors.
For 2020, Barra took home $23.7 million in total compensation and $21.6 million in 2019
On another note, the UAW unions are willing to spend $850 million to strike on Sept 14th to get more profit into their hands
General Motors annual gross profit for 2022 was $20.981B, a 17.36% increase from 2021.
GM's annual gross profit for 2021 was $17.878B, a 30.76% increase from 2020.
In Addition
GM CEO Mary Barra's 2022 compensation: $28,979,570
General Motors Chair and CEO Mary Barra took home slightly less money last year than she did in 2021,
largely because her bonus shrank.
But she still remains the highest paid CEO of the Detroit Three automakers.
GM's CFO Paul Jacobson and President Mark Reuss both saw a hike in total compensation, due in part to receiving more stock options.
But other top brass came in either flat against or slightly below their 2021 total compensation.
All the executives earned smaller bonus payments due to increased aggressive financial targets set by the board of directors at the end of 2021. GM spokeswoman Colleen Oberc said the executives hit their targets, but because the targets were so much higher, the percentage difference between the yearly results shrank, so the bonus payouts were smaller.
In its annual executive compensation report that GM filed to the U.S. Securities and Exchange Commission on Friday,
GM reported that Barra made a total of $28,979,570 in 2022 compared with $29,136,780 million in 2021 for running the company and chairing the board of directors.
For 2020, Barra took home $23.7 million in total compensation and $21.6 million in 2019
On another note, the UAW unions are willing to spend $850 million to strike on Sept 14th to get more profit into their hands