General Motors (GM)

[behappyalways]

Good news???

GM's new 2023 guidance includes:

Net income attributable to stockholders of $9.1 billion to $9.7 billion, compared with a previous outlook of $9.3 billion to $10.7 billion.



GM Shares Surge Over 10% After Announcing $10 Billion Buyback, Raising Dividend By 33%, Updating 2023 Guidance
https://www.zerohedge.com/markets/gm-sh ... 3-updating

[behappyalways]

GM's Cruise To Slash 24% Of Its Workforce As Part Of Restructuring
https://www.zerohedge.com/markets/gms-c ... tructuring

[behappyalways]

GM Shifts Into Higher Gear As It Beats Quarterly Results, Raises 2024 Guidance
https://www.zerohedge.com/markets/gm-sh ... 4-guidance

[winston]

not vested

1Q Earnings

General Motors CEO Mary Barra’s total compensation in 2023 fell 4 per cent to US$27.8 million, the largest US automaker said on Wednesday (Apr 24).

The Detroit automaker also said GM president Mark Reuss’ total compensation in 2023 rose to just under US$18 million, up from US$14.3 million, while chief financial officer Paul Jacobson’s compensation rose to US$11.1 million last year, up from US$10.2 million.

GM general counsel Craig Glidden, who was also named president and chief administrative officer at self-driving unit Cruise last year, received US$11.5 million.

GM board member Wesley Bush, who chairs the compensation committee, said in GM’s proxy filing the automaker delivered a strong financial performance in 2023, continued to lead the industry in total US sales and returned “significant cash to shareholders through dividends and the implementation of a US$10 billion accelerated share repurchase programme.”

GM did not increase Barra’s or Reuss’ target compensation for 2024.

Source: Phillips